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Rap Corporation produces outdoor portable fireplace units. The following per unit cost information is available: direct materials $25, direct labor $28, variable manufacturing overhead $16,
Rap Corporation produces outdoor portable fireplace units. The following per unit cost information is available: direct materials $25, direct labor $28, variable manufacturing overhead $16, fixed manufacturing overhead $11, variable selling and administrative expenses $6, and fixed selling and administrative expenses $15. The company's ROI per unit is $7. Compute Rap Corporation's markup percentage using variable-cost pricing.
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