Pharoah Corporation produces industrial robots for high-precision manufacturing. The following information is given for Pharoah Corporation: Per Unit Total Direct materials Direct labour $390 290 Variable manufacturing overhead 80 Fixed manufacturing overhead $1,984,000 Variable selling and administrative expenses 50 Fixed selling and administrative expenses 341,000 The company has a desired ROI of 30%. It has invested assets of $51,150,000. It expects to produce 3,100 units each year. (a) Your answer is correct. Calculate the markup percentage and target selling price using absorption-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 365 % +A $ 6510 (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 +A $ %