Oriole Corporation makes a mechanical stuffed alligator. The following information is available for Oriole Corporation's expected

annual volume of $500,000$ units:

The company has a desired ROI of $20\%.$ It has invested assets of $$22,200,000.$

$($a$)$

Your answer is correct.

Using absorption$-$cost pricing, calculate the markup percentage. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25\%.)$

Markup percentage

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$($b$)$

Your answer is incorrect.

Using variable$-$cost pricing, calculate the markup percentage. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25\%.)$

Markup percentage

eTextbook and Media

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