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Determine the markup on absorption cost for this product

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Question - Edelheit Company uses the absorption costing approach to cost-plus pricing as to 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%. Determine the markup on absorption cost for this product?

Reference no: EM132871814

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