Question 2 of 2 View Policies < > 0/6 Show Attempt History Current Attempt in Progress Swifty Products desires to set a target price for its newest product. Information for a budgeted volume of 8,000 units is shown below. Per Unit Total Direct materials $ 112 Direct labor $ 62 Variable manufacturing overhead $ 37 Fixed manufacturing overhead $ 50,000 Variable selling and administrative expenses $ 11 Fixed selling and administrative expenses $ 70,000 Swifty Products uses cost-plus pricing and management wants a 25% ROI on the new product. Assets of $1,400,000 are committed to production of the new product. (a) Your answer is incorrect. Compute the markup percentage under variable costing that will allow Swifty Products its desired ROI. (Round answer to 2 decimal places, e.g. 10.50%.) Markup Percentage eTextbook and Media Save for Later % Attempts: 1 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order This part will be available when you complete the part above