Question: Using the data in BE9-4, calculate the markup percentage using the absorption-cost approach. Schuman Corporation produces microwave units. The following per-unit cost information is available:

Using the data in BE9-4, calculate the markup percentage using the absorption-cost approach.

Schuman Corporation produces microwave units. The following per-unit cost information is available: direct materials $36; direct labour $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. Calculate its markup percentage using a total cost approach.

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