Sheffield Corporation produces outdoor portable fireplace units. The following unit cost information is available: direct materials $$25,$

direct labor $$28,$ variable manufacturing overhead $$16,$ fixed manufacturing overhead $$11,$ variable selling and administrative

expenses $$6,$ and fixed selling and administrative expenses $$15.$ The company's ROI per unit is $$7.$

$($a$)$

Your answer is correct.

Compute Sheffield Corporation's markup percentage using absorption$-$cost pricing. $($Round answer to $2$ decimal places, e$.$g$.10\mathrm{.}50\%.)$

Absorption$-$cost pricing markup percentage

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$($b$)$

Your answer is incorrect.

Compute Sheffield Corporation's markup percentage using variable$-$cost pricing. $($Round answer to $2$ decimal places, e$.$g$.10\mathrm{.}50\%.)$

Variable$-$cost pricing markup percentage