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Compute its markup percentage using a total-cost

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Question - Morales Corporation produces microwave units. The following per unit cost information is available: direct materials $33; direct labor $21; variable manufacturing overhead $19; fixed manufacturing overhead $47; variable selling and administrative expenses $18; and fixed selling and administrative expenses $27. Its desired ROI per unit is $28.59. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places). Show solution please.

Reference no: EM131717811

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