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Brief Exercise 8-4 Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $37, direct labor $24, variable manufacturing overhead
Brief Exercise 8-4 Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $37, direct labor $24, variable manufacturing overhead $18, fixed manufacturing overhead $41, variable selling and administrative expenses $13, and fixed selling and administrative expenses $27. Its desired ROI per unit is $28.80. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50%.) Markup percentage Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT
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