Markup percentage using a total-cost approach

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Reference no: EM13754191

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. (Round answer to 2 decimal places, e.g. 10.50.)

Markup percentage

Reference no: EM13754191

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