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Waterway Products desires to set a tar get price for its newest product Informntion for a budpeted wolume of 8,000 units is shown below. Waterway Products uses cost plus pricing and management wants a 25% RO on the new product Assets of 51400,000 are committed to production of the new product. Compute the markup percentage under variable costing that will allow Waterway Productsits des ired ROL. Glound answer to 2 decimal plaos es 10.50x ) Markup Parcentage Compute the target price of the new product under variable-cost pricing. (Round answer to 2 decimal ploces, es. 10.50 ) Target price Compute the markup percentage under absorption-costing that will allow Waterway Products its desired ROL. (Round answer to 2 decimal ploces es 1050% ) Markup percentage Compute the target price of the new product under absorption-costing. (Round answer to 2 decimal places, es. 10.50.) Targetprice $