Hit company provides the following cost information related, Ask an Expert

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HIT Company provides the following cost information related to its production of its primary product:
Per unit
Variable manufacturing cost $40
Fixed manufacturing cost $40
Variable selling and administrative expenses $10
Fixed selling and administrative expenses $12
Desired ROI per unit $14

What is its markup percentage assuming that HIT Company uses absorption costing?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M969461

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