1. Use the following information to answer question 4.
2. Edelheit Company uses the absorption costing approach to cost-plus pricing asto set prices for its products. Based on budgeted sales of 26,000 units next year, the unit product cost of a particular product is $24.20. The company's selling and administrative expenses for this product are budgeted to be $629,000 in total for the year. The company has invested $340,000 in this product and expects a return on investment of 14%.
3. 4)The markup on absorption cost for this product would be closest to:
4. 100.0%
5. 14.0%
6. 114.0%
7. 107.5%