Question: Required information Exercise 15-34 Determining Markup Percentage; Target ROI (LO 15-3) Skip to question [The following information applies to the questions displayed below.] Required information

Required information

Exercise 15-34 Determining Markup Percentage; Target ROI (LO 15-3) Skip to question

Required information Exercise 15-34 Determining Markup Percentage; Target ROI (LO 15-3) Skip to question [The following information applies to the questions displayed below.] Required [The following information applies to the questions displayed below.]

Required information Exercise 15-34 Determining Markup Percentage; Target ROI (LO 15-3) [The following information applies to the questions displayed below.] The following is cost and production data for the Wave Darter: * Based on planned monthly production of 42 units (or 504 units per year). Rounded The target profit is $44,000, with planned sales equal to production. 2. Use the general formula for determining a markup percentage to compute the required markup percentage using absorption manufacturing cost. (Round your percentage answer to 2 decimal places (i.e., 1234 should be entered as 12.34).)

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