*Please show all work for this 2 part problem so I can check my work*

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

	Per unit
Variable manufacturing cost		$	370
Applied fixed manufacturing cost			260	*
Absorption manufacturing cost			630
Variable selling and administrative cost			41
Allocated fixed selling and administrative cost			90
Total cost		$	761
Variable manufacturing cost		$	370
Variable selling and administrative cost			41
Total variable cost		$	411

^*Based on planned monthly production of 41 units (or 492 units per year).

The target profit is $44,000, with planned sales equal to production.

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).)
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).)