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Ivanhoe Batteries produces batteries for laptop computers. The following per unit cost information is available: direct materials $23; direct labor $22; variable manufacturing overhead $16;

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Ivanhoe Batteries produces batteries for laptop computers. The following per unit cost information is available: direct materials $23; direct labor $22; variable manufacturing overhead $16; fixed manufacturing overhead $34; variable selling & administrative expenses $23; and fixed selling & administrative expenses $28. The desired ROI per unit is $25. Compute the markup percentage using the absorption-cost approach. Markup percentage \% Attempts: 0 of 1 used

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