The US Patent Office opened in 1838; it has granted more patents for mouse traps than any other invention

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%.

Memos are essentially letters written to people _________________________

a. who don't need much information b. within the writer's organization c. with short attention spans d. who the writer does not know well