Oriole Corporation makes a mechanical stuffed alligator. The following information is available for Oriole Corporation's expected annual volume of 500,000 units: Per Unit Total Direct materials $14 Direct labour 9 12 $400,000 Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses 5 150,000 The company has a desired ROI of 20%. It has invested assets of $22,200,000. * Your answer is incorrect. Using variable-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, eg, 15.25%.) Markup percentage 42.8 %