Ivanhoe Corporation produces industrial robots for high-precision manufacturing. The following information is given for Ivanhoe Corporation: Per Unit Total Direct materials Direct labour Variable manufacturing overhead $380 300 70 Fixed manufacturing overhead $1,711,000 Variable selling and administrative expenses 71 Fixed selling and administrative expenses 348,000 The company has a desired ROI of 30%. It has invested assets of $51,910,000. It expects to produce 2,900 units each year. (b) Calculate the markup percentage and target selling price using variable-cost pricing. (Round markup percentage to 3 decimal places, e.g. 15.250% and target selling price to O decimal places, e.g. 5,250.) Markup percentage Target selling price $ eTextbook and Media % do