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Papillon Co. has determined the following per unit amounts: Direct materials $30 Fixed selling and administrative $60 Direct labor 36 Variable overhead 24 Desired ROI

Papillon Co. has determined the following per unit amounts: Direct materials $30 Fixed selling and administrative $60 Direct labor 36 Variable overhead 24 Desired ROI 33 Variable selling and administrative 15 Fixed overhead 45 The markup percentage using the variable-cost approach is?

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