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Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $ 3 6 , direct labor $ 2 7 ,

Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $36, direct labor $27, variable manufacturing overhead $19, fixed manufacturing overhead $38, variable selling and administrative expenses $14, and fixed selling and administrative expenses $24. Its desired ROI per unit is $34. Compute the markup percentage using absorption-cost pricing. (Round answer to 2 decimal places, e.g.10.50%.)
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