Sunland Corporation makes a mechanical stuffed alligator. The following information is available for Sunland Corporation's expected annual volume of 500,000 units: Per Unit Total Direct materials $14 Direct labour 9 Variable manufacturing overhead 11 Fixed manufacturing overhead $400,000 Variable selling and administrative expenses 6 Fixed selling and administrative expenses 180,000 The company has a desired ROI of 20%. It has invested assets of $24,200,000. X Your answer is incorrect. Using absorption-cost pricing, calculate the markup percentage. (Round answer to 2 decimal places, e.g. 15.25%.) Markup percentage 4.25 % eTextbook and Media