Q31

Crane Corporation produces microwave units. The following per-unit cost information is available: direct materials $37; direct labour $23; variable manufacturing overhead $16; fixed manufacturing overhead $44; variable selling and administrative expenses $15; and fixed selling and administrative expenses $26. Its desired ROI per unit is $29.19. Calculate the markup percentage using variable-cost pricing. (Round answer to 2 decimal places, eg. 15.25%.) Markup percentage %