Using the variable cost method, what markup percentage to variable cost should be used? Multiple Choice 59% 63% 69% 70% 82% Pauley Company needs to determine a markup for a new product. Pauley expects to sell 20,000 units and wants a target profit of $16 per unit. Additional information is as follows: Variable product cost per unit Variable administrative cost per unit Total fixed overhead Total fixed administrative $ 16 12 18,500 53,500 Using the variable cost method, what markup percentage to variable cost should be used