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Absorption-cost pricing markup percentage

Absorption-cost pricing markup percentage

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Seaco Products produced 10,000 gears with the following unit costs: variable manufacturing costs $21. fixed manufacturing overhead $6, variable selling and administrative expenses $3, and fixed selling and administrative expenses $4. The company has a desired ROI per unit of $10 and has invested assets of $415,000. Compute the absorption-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).) Absorption-cost pricing markup percentage 17.01 %
Transcribed Image Text:Seaco Products produced 10,000 gears with the following unit costs: variable manufacturing costs $21. fixed manufacturing overhead $6, variable selling and administrative expenses $3, and fixed selling and administrative expenses $4. The company has a desired ROI per unit of $10 and has invested assets of $415,000. Compute the absorption-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).) Absorption-cost pricing markup percentage 17.01 %
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