Chapter 12 & 6A HW i 1 points eBook Hint Print References Number of units to be produced and sold each year Unit product cost Saved 1. Markup percentage on absorption cost 2. Selling price per unit Martin Company uses the absorption costing approach to cost-plus pricing. It is considering the introduction of a new product. To determine a selling price, the company has gathered the following information: Estimated annual selling and administrative expenses Estimated investment required by the company Desired return on investment (ROI) Required: 1. Compute the markup percentage on absorption cost required to achieve the desired ROI. 2. Compute the selling price per unit. Note: Do not round intermediate calculations. Round your answer to 2 decimal places. % 7,500 $44 Help $ 31,500 $ 700,000 12% Save & Exit Submit Check my work

Martin Company uses the absorption costing opprosch to cost-plus pricing. It is considering the introduction of a new product. To determine a splling price, the company has gathered the following information Required: 1 Compute the markup percentage on absorption cost required to achieve the desired ROI 2 Compute the selling price per unit. Note: Do not round intermediate calculations, Round your answer to 2 decimal places