QUESTION 28 Dave's Stuff sells a lawnmower with a total cost of $240 per unit, of which $170 is product cost and $70 is selling and administrative expense. In addition, the total cost of $240 is made up of $130 of variable cost and $110 of fixed cost. The desired profit is $66 per unit. Determine the markup percentage on product cost utilizing the total manufacturing cost method. 80% 27.5% 82.5% 135% 5 p