Seaco Products produced 10,000 gears with the following unit costs: variable manufacturing costs $25, fixed manufacturing overhead $6, variable selling and administrative expenses $2, and fixed selling and administrative expenses $3. The company has a desired ROI per unit of $8 and has invested assets of $450,000. Compute the absorption-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).) Absorption-cost pricing markup percentage %
Seaco Products produced 10,000 gears with the following unit costs: variable manufacturing costs $25, fixed manufacturing overhead $6, variable selling and administrative expenses $2, and fixed selling and administrative expenses $3. The company has a desired ROI per unit of $8 and has invested assets of $450,000. Compute the absorption-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).) Absorption-cost pricing markup percentage %
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Seaco Products produced 10,000 gears with the following unit costs: variable manufacturing costs $25, fixed manufacturing
overhead $6, variable selling and administrative expenses $2, and fixed selling and administrative expenses $3. The company has a
desired ROI per unit of $8 and has invested assets of $450,000. Compute the absorption-cost pricing markup percentage. (Round
answer to 2 decimal places (e.g., 25.02).)
Absorption-cost pricing markup percentage
%
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