[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		$	370
Applied fixed manufacturing cost			210	*
Absorption manufacturing cost			580
Variable selling and administrative cost			41
Allocated fixed selling and administrative cost			140
Total cost		$	761
Variable manufacturing cost		$	370
Variable selling and administrative cost			41
Total variable cost		$	411

^*Based on planned monthly production of 43 units (or 516 units per year).

Rounded

The target profit is $40,000, with planned sales equal to production.

Required:

Use the general formula for determining a markup percentage to compute the required markup percentage using variable manufacturing 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 manufacturing cost. (Round your percentage answer to 2 decimal places (i.e., .1234 should be entered as 12.34).)