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Crane Co. has variable manufacturing costs per unit of $23, and fixed manufacturing cost per unit of $17. Variable selling and administrative costs per unit

Crane Co. has variable manufacturing costs per unit of $23, and fixed manufacturing cost per unit of $17. Variable selling and administrative costs per unit are $4, while fixed selling and administrative costs per unit $9. Maggie desires an ROI of $5.40 per unit. If Crane Co. uses the absorption-cost approach, what is its markup percentage?

15.00%

10.19%

46.00%

4.81%

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