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

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Accounting

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

Per unit
Variable manufacturing cost $ 390
Applied fixed manufacturing cost 270 *
Absorption manufacturing cost 660
Variable selling and administrative cost 58
Allocated fixed selling and administrative cost 120
Total cost $ 838
Variable manufacturing cost $ 390
Variable selling and administrative cost 58
Total variable cost $ 448

*Based on planned monthly production of 42 units (or 504 units per year).

Rounded

The target profit is $41,000, with planned sales equal to production.

Question: Use the general formula for determining a markup percentage to compute the required markup percentage using variable manufacturing cost.

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