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The following costs relate to Tower Company: Variable manufacturing cost, $40; variable selling and administrative cost, $18; applied fixed manufacturing overhead, $25; and allocated fixed
The following costs relate to Tower Company: Variable manufacturing cost, $40; variable selling and administrative cost, $18; applied fixed manufacturing overhead, $25; and allocated fixed selling and administrative cost, $14. If Tower uses total-cost pricing formulas, the company's markup percentage would be computed on the basis of: Multiple Choice O $40. O $58 O $65 O $97. O None of the answers is correct
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