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Confused on how to solve markup percentage under the absorption costing. Also on finding the target price with this percentage Current Attempt in Progress Crane
Confused on how to solve markup percentage under the absorption costing. Also on finding the target price with this percentage
Current Attempt in Progress Crane Products desires to set a target price for its newest product. Information for a budgeted volume of 8,000 units is shown below. Crane Products uses cost-plus pricing and management wants a 25\% ROI on the new product. Assets of $1.120.000 are committed to production of the new product. Compute the markup percentage under absorption-costing that will allow Crane Products its desired ROI. (Round answer to 2 decimal places, eg. 10.50\%.) Markup percentage \% Step by Step Solution
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