Current Attempt in Progress Riverbed Computer Parts Inc is in the process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 53.000 units Per Unit Total Direct materials 543 Direct labor $24 $19 $636,000 Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $18 $424,000 Riverbed Computer Parts management requests that the total unit cost be used in cost-plus pricing its products. On this particular product management also directs that the target price be set to provide a 25% return on investment (ROI) on invested assets of $1,060,000 (a) Compute the markup percentage and target selling price that will allow Riverbed Computer Parts to earn its desired ROI of 25% on this new component. (Round markup percentage to 2 decimal places, eg. 10.50%) Markup percentage Target selling price $ eTextbook and Media Save for Later Attempts:0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above