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Exercise 15-34 Determining Markup Percentage; Target ROI (LO 15-3) Skip to question

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Exercise 15-34 Determining Markup Percentage; Target ROI (LO 15-3) [The following information applies to the questions displayed below.] The following is cost and production data for the Wave Darter: Based on planned monthly production of 42 units (or 504 units per year). Rounded The target profit is $44,000, with planned sales equal to production. 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 (i.e., 1234 should be entered as 12.34).)