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Given the following, calculate the markup percentage on absorption cost. Total investment $500,000 ...

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Accounting

Given the following, calculate the markup percentage on absorption cost.

Total investment $500,000

Selling, general and administrative expenses $75,000

Absorption costing unit product cost $30

Unit sales 50,000

Required ROI 30%

Multiple choice question. 18% 10% 30% 15%

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