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Business, 19.10.2021 14:00 PerfectMagZ

Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $ 36, direct labor $ 24, variable manufacturing overhead $ 18, fixed manufacturing overhead $ 40, variable selling and administrative expenses $ 14, and fixed selling and administrative expenses $ 28. Its desired ROI per unit is $ 30. Compute the markup percentage using absorption-cost pricing.

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