Required information 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 44 units (or 528 units per year). Rounded The target profit is $47,000, with planned sales equal to production. Required: . Use the general formula for determining a markup percentage to compute the required markup percentage using variable nanufacturing cost. (Round your percentage answer to 2 decimal places (i.e., 1234 should be entered as 12.34).) - Use the general formula for determining a markup percentage to compute the required markup percentage using absorption hanufacturing cost. (Round your percentage answer to 2 decimal places (i.e., 1234 should be entered as 12.34).)