For $2014,$ Bakers Manufacturing uses machine$-$hours as the only overhead cost$-$allocation base. The direct cost rate is $$3\mathrm{.}00$ per unit. The selling price of the product is $$20\mathrm{.}00.$ The estimated manufacturing overhead costs are $$240,000$ and estimated $40,000$ machine hours. The actual manufacturing overhead costs are $$300,000$ and actual machine hours are $50,000.$

What is the markup as a percentage of cost if each unit requires two machine$-$hours?

$53\mathrm{.}33\%$

$66\mathrm{.}67\%$

$33\mathrm{.}33\%$

$58\mathrm{.}73\%$

none of the above.options:

$53\mathrm{.}33\%$

$66\mathrm{.}67\%$

$33\mathrm{.}33\%$

$58\mathrm{.}73\%$

none of the above.