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Ivanhoe Corporation produces microwave units. The following per-unit cost information is available: direct materials $38; direct labour $23; variable manufacturing overhead $18; fixed manufacturing overhead

Ivanhoe Corporation produces microwave units. The following per-unit cost information is available: direct materials $38; direct labour $23; variable manufacturing overhead $18; fixed manufacturing overhead $42; variable selling and administrative expenses $12; and fixed selling and administrative expenses $26. Its desired ROI per unit is $32.10. Calculate the markup percentage using variable-cost pricing.

Markup percentage %

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