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Calculate the markup percentage required to achieve

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Reference no: EM132534258

HKMASK Manufacturing is considering the introduction of a facial mask. To determine a selling price, the company has gathered the following information:

Required:

Number of units to be produced and sold each year Estimated unit product cost

Projected annual selling and administrative expenses Estimated investment required by the company Desired return on investment (ROI)

500,000 $2 $100,000 $2,000,000 15%

(a) The company uses the absorption costing approach to cost-plus price.

Question (i) Calculate the markup percentage required to achieve the desired ROI.

Question (ii) Calculate the selling price per unit.

Reference no: EM132534258

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