Question: I need help,my answer is wrong! Lovell Computer Parts Inc. is in the process of setting a selling price on a new component it has

I need help,my answer is wrong!
I need help,my answer is wrong! Lovell Computer Parts Inc. is in

Lovell 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 54,540 units. Per Unit Total Direct materials $46 Direct labor $27 Variable manufacturing overhead $18 Fixed manufacturing overhead $709,020 Variable selling and administrative expenses $16 Fixed selling and administrative expenses $436,320 Lovell Computer Parts management requests that the total cost per unit be used in cost-plus pricing its products. On this particular product, management also directs that the target price be set to provide a 27% return on investment (ROI) on invested assets of $1,138,000. Your answer is incorrect. Try again. Assuming that the volume is 43,080 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 27% on this new component.(Round answers to 2 decimal places, e.g. 10.50) Markup percentage 3.09 % Target selling price $237.58

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