Minden Corporation estimates that the following costs and activity would be associated with the manufacture and sale of product A:

Number of units sold annually60,000Required investment$596,000Unit product cost$30Selling and administrative expenses$448,000

If the company uses the absorption costing approach to cost-plus pricing described in the text and desires a 15.0% rate of return on investment (ROI), the required markup on absorption cost for Product A would be closest to:

Noreen rechecks 2017-04-04

15%

28%

30%

25%