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Lockeed Marretta Company is exploring the possibility f introducing a new product. Lockeed has developed the following data order to help determine a selling price
Lockeed Marretta Company is exploring the possibility f introducing a new product. Lockeed has developed the following data order to help determine a selling price for that new product. o be produced and sold each year 4,500 Unit product cost S Projected annual selling and administrative expenses Estimated Investment required by the company Desired return on investment (ROI) 68.000 $ 430.000 The absorption costing approach to cost-plus pricing is used at Lockeed Marretta Company for such decisions. Required: Compute the markup required to achiove the desired ROI. (Round your Required ROI answers to the nearest whole percentage (i.e, 0.1234 should be entered as 12). Round your "Markup Percentag to 2 decimal places (i.e. .1234 should entered as 2.34.) answe Required RO Investment Selling and administrative expenses Total production cost Unit product cost per unit Unit sales Total sales Markup percentage 2 decimal places.) 2. Compute the selling price per unit. (Round your intermediate and final answers Unit product cost Markup Selling price per unit S 0.00
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