Using the data in BE22-4, compute the markup percentage using absorption-cost pricing. Data Form BE22-4: Morales Corporation

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Using the data in BE22-4, compute the markup percentage using absorption-cost pricing.

Data Form BE22-4:

Morales Corporation produces microwave units. The following per unit cost information  is available: direct materials $36; direct labor $24; variable manufacturing overhead  $18; fixed manufacturing overhead $40; variable selling and administrative expenses  $14; and fixed selling and administrative expenses $28. Its desired ROI per unit is $30.  Compute its markup percentage using a total-cost approach.

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Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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