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How do I find the markup percentage using absorption-cost pricing? Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following

How do I find the markup percentage using absorption-cost pricing?

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Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 515,000 units. Per Unit Total Direct materials $ 6 Direct labor $10 Variable manufacturing overhead $17 Fixed manufacturing overhead $2,575,000 Variable selling and administrative expenses $19 Fixed selling and administrative expenses $1,545,000 The company has a desired ROI of 25%. It has invested assets of $30,900,000. Your answer is correct. Compute the total cost per unit. Total cost $ 60 per unit eTextbook and Media Attempts: 1 of 5 used (b) Your answer is correct. Compute the desired ROI per unit. ROI $ 15 per unit e Textbook and Media(c) * Your answer is incorrect. Using absorption-cost pricing, compute the markup percentage. (Round answer to 2 decimal places, e.g. 10.50%.) Absorption-cost pricing markup percentage 39.47 %

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