[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	$	380
Applied fixed manufacturing cost		210	*
Absorption manufacturing cost		590
Variable selling and administrative cost		50
Allocated fixed selling and administrative cost		150	*
Total cost	$	790
Variable manufacturing cost	$	380
Variable selling and administrative cost		50
Total variable cost	$	430

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

The target profit is $53,000.

Required:

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

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