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$8.$ Magpie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of $63,600$ units of its sole product. Magpie desires a profit equal to a $24\%$ return on invested assets of $$597,000.$

Line Item Description Amount

Fixed factory overhead cost $$37,100$

Fixed selling and administrative costs $7,900$

Variable direct materials cost per unit $4\mathrm{.}45$

Variable direct labor cost per unit $1\mathrm{.}88$

Variable factory overhead cost per unit $1\mathrm{.}13$

Variable selling and administrative cost per unit $4\mathrm{.}50$

The markup percentage on total cost for Magpie's product is

a$.23\mathrm{.}1\%$

b$.17\mathrm{.}8\%$

c$.14\mathrm{.}2\%$

d$.30\mathrm{.}2\%$