FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question

7

X Your answer is incorrect. Knowledge Check Seaco Products produced 10,000 gears with the following unit costs: variable manufacturing costs $21, fixed manufacturing overhead $6, variable selling and administrative expenses $3, and fixed selling and administrative expenses $4. The company has a desired ROI per unit of $11 and has invested assets of $440,000. Compute the variable-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).) Variable-cost pricing markup percentage Save for Later 45.83 % Attempts: 1 of 3 used Submit Answer
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Transcribed Image Text:X Your answer is incorrect. Knowledge Check Seaco Products produced 10,000 gears with the following unit costs: variable manufacturing costs $21, fixed manufacturing overhead $6, variable selling and administrative expenses $3, and fixed selling and administrative expenses $4. The company has a desired ROI per unit of $11 and has invested assets of $440,000. Compute the variable-cost pricing markup percentage. (Round answer to 2 decimal places (e.g., 25.02).) Variable-cost pricing markup percentage Save for Later 45.83 % Attempts: 1 of 3 used Submit Answer
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