Knowledge Check

Seaco Products produced $10,000$ gears with the following unit costs: variable manufacturing costs $$24,$ fixed manufacturing overhead $$6,$ variable selling and administrative expenses $$3,$ and fixed selling and administrative expenses $$4.$ The company has a desired ROI per unit of $$10$ and has invested assets of $$360,000.$ Compute the absorption$-$cost pricing markup percentage. $($Round answer to $2$ decimal places $($e$.$g$.,25\mathrm{.}02).)$

Absorption$-$cost pricing markup percentage $\%$

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