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Knowledge Check 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 $11 and has invested assets of $440,000. Compute the variable-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).)

Knowledge Check 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 $11 and has invested assets of $440,000. Compute the variable-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).)

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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X Your answer is incorrect. Knowledge Check 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 $11 and has invested assets of $440,000. Compute the variable-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).) Variable-cost pricing markup percentage Save for Later 45.83 % Attempts: 1 of 3 used Submit Answer
Transcribed Image Text:X Your answer is incorrect. Knowledge Check 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 $11 and has invested assets of $440,000. Compute the variable-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).) Variable-cost pricing markup percentage Save for Later 45.83 % Attempts: 1 of 3 used Submit Answer
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