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Schuman Corporation produces microwave units. The following per-unit cost information is available: direct materials $38;...

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Accounting

Schuman Corporation produces microwave units. The following per-unit cost information is available: direct materials $38; direct labour $25; variable manufacturing overhead $18; fixed manufacturing overhead $43; variable selling and administrative expenses $14; and fixed selling and administrative expenses $29. Its desired ROI per unit is $29.65. Calculate the markup percentage using variable-cost pricing.

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