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The following costs relate to Southside Company: Variable manufacturing cost, $31; variable selling and administrative cost, $9; applied fixed manufacturing overhead, $16; and allocated fixed

The following costs relate to Southside Company: Variable manufacturing cost, $31; variable selling and administrative cost, $9; applied fixed manufacturing overhead, $16; and allocated fixed selling and administrative cost, $5. If Southside uses absorption manufacturing-cost pricing formulas, the company's markup percentage would be computed on the basis of: $31. $40. $47. $61. None of these

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