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Question 6 Caan Corporation produces industrial robots for high-precision manufacturing. The following information is given for Caan Corporation: Per Unit Total Direct materials $380 Direct labour 280 Variable manufacturing overhead Fixed manufacturing overhead $1,711,000 Variable selling and administrative expenses N Fixed selling and administrative expenses 290,000 The company has a desired ROI of 30%. It has invested assets of $51,910,000. It expects to produce 2,900 units each year. (a) 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 0 decimal places, e.g. 5,250.) Markup percentage Target selling price LINK TO TEXT Attempts: 0 of 3 used SAVE FOR LATER SUBMIT