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Martin Company uses the absorption costing approach to cost-plus pricing. It is...

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Question

Accounting

Martin Company uses the absorption costing approach to cost-plus pricing. It is considering the introduction of a new product. To
determine a selling price, the company gathered the following information:
Required:
Compute the markup percentage on absorption cost required to achieve the desired ROI.
Compute the selling price per unit.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Markup percentage on absorption cost
Selling price per unit
image

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