Minden Corporation estimates that the following costs and activity would be associated with the manufacture...
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Accounting
Minden Corporation estimates that the following costs and activity would be associated with the manufacture and sale of product A: Number of units sold annually Required investment Unit product cost Selling and administrative expenses 45,000 $650,000 $ 44 $166,400 If the company uses the absorption costing approach to cost-plus pricing described in the text and desires a 14% rate of return on investment (ROI), the required markup on absorption cost for Product A would be closest to: Multiple Choice 14% 45% 5% 13%
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