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Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $43, direct labor $26, variable manufacturing overhead $15, fixed manufacturing
Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $43, direct labor $26, variable manufacturing overhead $15, fixed manufacturing overhead $54, variable selling and administrative expenses $16, and fixed selling and administrative expenses $25. Its desired ROI per unit is $31. Compute the markup percentage using variable-cost pricing
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