Would like to understand how to calculate the attached. The first response i got was incorrect.

[The foiiowing information applies to the questions displayed below] The following is cost and production data for the Wave Darter: Variable manufacturing cost Applied fixed manufacturing cost Absorption manufacturing cost Variable selling and administrative cost Allocated fixed selling and administrative cost Total cost Variable manufacturing cost Variable selling and administrative cost Total variable cost '1 Based on planned monthly production of 44 units (or 528 units per year). T Rounded Per unit $390 250* 640 53 110+ $803 $390 53 $443 The target prot is $46,000, with planned sales equal to production. Exercise 15-34 Part 1 Appllecl IlXeCl. manuracturlng COS'C 40H Absorption manufacturing cost 640 Variable selling and administrative cost 53 Allocated fixed selling and administrative cost llOl Total cost $803 Variable manufacturing cost $390 Variable selling and administrative COSt 53 Total variable cost $443 ' Based on planned monthly production of 44 units (or 528 units per year). T Rounded The target prot is $46,000, with planned sales equal to production. Exercise 15-34 Part1 Required: 1. 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).) % Applied fixed manufacturing cost 250* Absorption manufacturing cost 640 Variable selling and administrative cost 53 Allocated fixed selling and administrative cost 110T Total cost $803 Variable manufacturing cost $390 Variable selling and administrative cost 53 Total variable cost $443 1' Based on planned monthly production of 44 units (or 528 units per year). T Rounded The target prot is $46,000, with planned sales equal to production. Exercise 15-34 Part 2 2. 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).) 9h