Please answer and explain. I am taking the test now.

The Sloan Corporation must invest $140,000 to produce and market 19,000 units of Product X each year. The company uses the absorption costing approach to cost-plus pricing described in the text to set prices for its products. Other cost informetion regarding Product X is as follows: $900 $6.00 $500 Direct matenals Direct labor Veriable menufecturing overhead Fixed manufacturing overhead Veriable selling and administrelive expenses Fioxed selling and administrative expenses S 114,000 to seling a $400 104,500 lf Sloan Corporation requires a 20% return on investment, then the markup percentage on absorption cost for Product X rounded to the nearest percent would be: o 42% o 17% 030% o 23% The Sloan Corporation must invest $140,000 to produce and market 19,000 units of Product X each year. The company uses the absorption costing approach to cost-plus pricing described in the text to set prices for its products. Other cost informetion regarding Product X is as follows: $900 $6.00 $500 Direct matenals Direct labor Veriable menufecturing overhead Fixed manufacturing overhead Veriable selling and administrelive expenses Fioxed selling and administrative expenses S 114,000 to seling a $400 104,500 lf Sloan Corporation requires a 20% return on investment, then the markup percentage on absorption cost for Product X rounded to the nearest percent would be: o 42% o 17% 030% o 23%