Question 12 Wifty Corporation has gathered the following information for one model of its hiking boots: 2.5 pts Variable manufacturing costs $46000 Variable selling and administrative costs Fixed manufacturing costs Fixed selling and administrative costs $24000 $160000 $120000 Planned production and sales 5000 pairs Assume the desired ROI (profit) is $50 per pair of boots, what is the markup percentage on total cost per unit? 89.3% 121% 77.6% O 71.4%