Question
Given the following, calculate the markup percentage on absorption cost. Total investment $500,000 Selling, general and administrative expenses $75,000 Absorption costing unit product cost $30
Given the following, calculate the markup percentage on absorption cost.
Total investment $500,000
Selling, general and administrative expenses $75,000
Absorption costing unit product cost $30
Unit sales 50,000
Required ROI 30%
Multiple choice question. 18% 10% 30% 15%
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Financial Accounting
Authors: Walter B. Meigs, Robert F. Meigs, Mark Bettner, Ray Whittington
9th Edition
0070434360, 978-0070434363
