Minden Corporation estimates that the following costs and activity would be associated with the manufacture and sale of product A Number of units sold annually Required investment Unit product cost Selling and administrative expenses $102,900 22,000 $420,000 21 If the company uses the absorption costing approach to cost-plus pricing described in the text and desires a 14% rate of return on investment (ROI), the required markup on absorption cost for Product A would be closest to Multiple Choice 35% 22% 14% 13%