Problem 8-2A (Video) Lovel Computer Parts Inc. is in the process of setting a wing price on a new component has just designed and developed. The foowing cost estimates for this new component have been provided by the accounting department for a budgeted volume of 45.000 units. Unit Total 145 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $540,000 $225,000 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 $1,000,000 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. (Nound markup percentage to 2 decimal places... 10.509.) Markup percentage Target selling price on this new component. Assuming that the volume is 36,000 units, compute the markup percentage and target selling price that will allow Lovel Computer Parts to earn its desired ROI of 2 (Round answers to 2 decimal places, eg. 10.504 or 10.50.) Markup percentage Target selling prices Click if you would like to show Work for this question: Open Snow Wars By accessing this question Assistance, you will leam while you earn points based on the Point Potential policy set by your instructor