Required information Exercise 15-34 Determining Markup Percentage: Target ROI (L0 15-3} [The foiiowing information applies to the questions dispiayed below] The following is cost and production data for the Wave Darter: Per unit Variable manufacturing cost $418 Applied 'Fixed manufacturing cost 268* Absorption manufacturing cost 578 Variable selling and administrative cost 43 Allocated 'Fixed selling and administrative cost 111E!f Total cost $ 853 Variable manufacturing cost $418 Variable selling and administrative cost 43 Total variable cost $453 * Based on planned monthly production of 43 units [or 516 units per year]. T Rounded The target profit is $46,000, with planned sales equal to production. Exercise 15-34 Part 1 Required: 1. Use the general formula for determining a markup percentage to compute the required markup percentage using variable manufacturing cost. {Round your percentage answer to 2 decimal places (Le, .1234 should be entered as 12.34:.) Required information Exercise 15-34 Determining Markup Percentage: Target ROI [L0 15-3} [The foiiowing information appiies to the questions displayed beiowj' The following is cost and production data for the Wave Darter: Per unit Variable manufacturing cost $413 Applied fixed manufacturing cost 2&9)1t Absorption manufacturing cost 6TB Variable selling and administrative cost 43 Allocated 'Fixed selling and administrative cost 143'- Total cost $ 853 Variable manufacturing cost $418 Variable selling and administrative cost 48 Total variable cost $453 * Based on planned monthly production of 43 units [or 516 units per year]. T Rounded The target profit is $46,000, with planned sales equal to production. Exercise 15-34 Part 2 Z Use the general formula for determining a markup percentage to compute the required markup percentage using absorption manufacturing cost. (Round your percentage answer to 2 decimal places (i.e., .1234 should be entered as 12.34).)