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

		Per unit
Variable manufacturing cost	$	360
Applied fixed manufacturing cost		290	*
Absorption manufacturing cost		650
Variable selling and administrative cost		58
Allocated fixed selling and administrative cost		100	*
Total cost	$	808
Variable manufacturing cost	$	360
Variable selling and administrative cost		58
Total variable cost	$	418

* Based on planned monthly production of 41 units (or 492 units per year).

The target profit is $45,000.

1.

Use the general formula for determining a markup percentage to compute the required markup percentage using Variable manufacturing cost

2.	Use the general formula for determining a markup percentage to compute the required markup percentage using Absorption manufacturing cost.