Papillon Co. has determined the following per unit amounts:
Direct materials $30 Fixed selling and administrative $60
Direct labor 36 Variable overhead 24
Desired ROI 33 Variable selling and administrative 15
Fixed overhead 45
The markup percentage using the absorption-cost approach is
a) 90%.
b) 80%.
c) 131%.
d) 102%.
b) 80%
Business
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