Firefly Corporation produces outdoor portable fireplace units. The following cost information per unit is available: direct materials $$21,$ direct labour $$26,$ variable manufacturing overhead $$16,$ fixed manufacturing overhead $$22,$ variable selling and administrative expenses $$9,$ and fixed selling and administrative expenses $$15.$ The company$$s ROI per unit is $$20.$

Instructions

Calculate Firefly Corporation$$s markup percentage using $($a$)$ absorption$-$cost pricing and $($b$)$ variable$-$cost pricing.

Calculate various amounts using absorption$-$cost pricing and variable$-$cost pricing.