Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 46,000 units.

		Per Unit				Total
Direct materials			$46
Direct labor			$22
Variable manufacturing overhead			$21
Fixed manufacturing overhead						$506,000
Variable selling and administrative expenses			$21
Fixed selling and administrative expenses						$322,000

Lovell Computer Parts management requests that the total cost per unit be used in cost-plus pricing its products. On this particular product, management also directs that the target price be set to provide a 23% return on investment (ROI) on invested assets of $1,000,000.

Compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 23% on this new component. (Round markup percentage to 2 decimal places, e.g. 10.50%.)

Markup percentage			%
Target selling price		$

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Assuming that the volume is 36,800 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 23% on this new component. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.)

Markup percentage			%
Target selling price		$