TB MC Qu. 10-117 (Algo) Hordel Company needs to determine... 17 Hordel Company needs to determine a markup for a new product. Hordel expects to sell 5,000 units and wants a target profit of $104 per unit. Additional information is as follows: 1 points Variable Costs per Unit Direct materials Direct labor Overhead General and administrative Fixed Costs (total) $ 30 Overhead 51 General and administrative 31 32 $ 53,660 42,660 eBook Using the variable cost method, what markup percentage to variable cost should be used? Ask Multiple Choice O 69.1% O 87.2% O 83.1% O 80.7% O 85.6% O