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Exercise 13A-1 (Algo) Absorption Costing Approach to Cost-Plus Pricing [LO13-8] Martin Company uses the absorption costing approach to cost-plus pricing. It is considering the introducton

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Exercise 13A-1 (Algo) Absorption Costing Approach to Cost-Plus Pricing [LO13-8] Martin Company uses the absorption costing approach to cost-plus pricing. It is considering the introducton of a new product. To determine a selling price, the company has gathered the following information: Required: 1. Compute the markup percentage on absorption cost requlred to acheve the desired ROI. 2 Compute the selling price per unit. (Do not round Intermedlate calculations. Round your answer to 2 decimal places.)

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