Please do not give image format Magpie Corporation uses the total cost method of product pricing. Below is cost information for the productionand sale of 64,600 units of its sole product. Magpie desires a profit equal to a 18% return on invested assetsof $569,000.Fixed factory overhead cost$39,500Fixed selling and administrative costs7,400Variable direct materials cost per unit4.88Variable direct labor cost per unit1.88Variable factory overhead cost per unit1.13Variable selling and administrative cost per unit4.50The markup percentage on total cost for Magpie's product isO a. 9.7%O b. 15.7%O c. 12.1%d. 20.5%

The markup is the amount of difference between sales and cost of product. The markup amount is based…

Magpie Corporation uses the total cost method of product pricing. Below is cost information for and sale of 64,600 units of its sole product. Magpie desires a profit equal to a 18% return on in of $569,000. Fixed factory overhead cost $39,500 7,400 Fixed selling and administrative costs Variable direct materials cost per unit 4.88 Variable direct labor cost per unit 1.88 Variable factory overhead cost per unit 1.13 Variable selling and administrative cost per unit 4.50 The markup percentage on total cost for Magpie's product is O a. 9.7% O b. 15.7% O c. 12.1% O d. 20.5%