Using the data in BE8-4, Compute the markup percentage using absorption-cost pricing. Data From BE8-4 Morales Corporation

Question:

Using the data in BE8-4, Compute the markup percentage using absorption-cost pricing.

Data From BE8-4

Morales Corporation produces microwave units. The following per unit cost information is available: direct materials $36; direct labor $24; variable manufacturing overhead $18; fixed manufacturing overhead $40; variable selling and administrative expenses $14; and fixed selling and administrative expenses $28. Its desired ROI per unit is $30. Compute its markup percentage using a total-cost approach.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...