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tried 100 times and it's still wrong..please see red x Martin Company is considering the introduction of a new product. To determine a selling price,

tried 100 times and it's still wrong..please see red x

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Martin Company is considering the introduction of a new product. To determine a selling price, the company has gathered the following information: Number of units to be produced and sold each year 13,000 Unit product cost 35 Projected annual selling and administrative expenses 60,000 Estimated investment required by the company 340,000 Desired return on investment (ROI) 21% The company uses the absorption costing approach to cost-plus pricing. Required: 1. Compute the markup required to achieve the desired ROI. ((Round your final answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) X Answer is complete but not entirely correct. Markup percentage 16.00 X 2. Compute the selling price per unit. (Round your intermediate and final answers to 2 decimal places. ) Answer is complete and correct. Unit product cost $ 35.00 Markup 10.11 Selling price per unit $ 45.11

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