Markup percentage using absorption-cost pricing

Markup percentage using variable cost-pricing

Crane Corporation produces outdoor portable fireplace units. The following cost information per unit is available: direct materials $23, direct labour $9, variable manufacturing overhead $17, fixed manufacturing overhead $26, variable selling and administrative expenses $11, and fixed selling and administrative expenses $14. The company's ROI per unit is $17. (a) Calculate Crane Corporation's markup percentage using absorption-cost pricing. (Round answer to 2 decimal places, e.g. 15.25\%.) Markup percentage % eTextbook and Media Attempts: 0 of 3 used (b) The parts of this question must be completed in order. This part will be available when you complete the part above