The following is cost and production data for the Wave Darter:

		Per unit
Variable manufacturing cost	$	430
Applied fixed manufacturing cost		230	*
Absorption manufacturing cost		660
Variable selling and administrative cost		43
Allocated fixed selling and administrative cost		130	*
Total cost	$	833
Variable manufacturing cost	$	430
Variable selling and administrative cost		43
Total variable cost	$	473

* Based on planned monthly production of 45 units (or 540 units per year).

The target profit is $57,000.

6.

value: 2.00 points

Required information

Required:

1.	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).)
	Markup percentage: ?

7.

value: 2.00 points

Required information

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).) Markup percentage: ?