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The following costs relate to Tower Company: Variable manufacturing cost, $47; variable selling and administrative cost, $25; applied fixed manufacturing overhead, $32; and allocated
The following costs relate to Tower Company: Variable manufacturing cost, $47; variable selling and administrative cost, $25; applied fixed manufacturing overhead, $32; and allocated fixed selling and administrative cost, $21. If Tower uses absorption manufacturing-cost pricing formulas, the company's markup percentage would be computed on the basis of: Multiple Choice $47. $72. $79. $125. None of the answers is correct.
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