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

Per unit

Variable manufacturing cost $ $400$

Applied fixed manufacturing cost $250*$Footnote asterisk

Absorption manufacturing cost $650$

Variable selling and administrative cost $50$

Allocated fixed selling and administrative cost $100$Footnote dagger

Total cost $ $800$

Variable manufacturing cost $ $400$

Variable selling and administrative cost $50$

Total variable cost $ $450$

$*$Footnote asterisk Based on planned monthly production of $40$ units $($or $480$ units per year$).$

$$Footnote dagger Rounded.

The target profit is $$60,000,$ with planned sales equal to production.

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