Required Information [The following Information applies to the questions displayed below.] The following is cost and production data for the Wave Darter: per unit Variable manufacturing cost $ 360 Applied fixed manufacturing cost 216* Absorption manufacturing cost 576 Variable selling and administrative cost 42 Allocated fixed selling and administrative cost 150 T Total cost $ 762 Variable manufacturing cost $ 366 Variable selling and administrative cost 42 Total variable cost $ 402 Based on planned monthly production of 44 units (or 528 units per year). Rounded The target profit is $59,000, 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 (L.e., .1234 should be entered as 12.34).) Markup percentage %