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The following costs relate to Tower Company: Variable manufacturing cost, $30; variable selling and administrative cost, $8; applied fixed manufacturing overhead, $15; and allocated fixed selling and administrative cost, $4. If Tower uses absorption manufacturing-cost pricing formulas, the company's markup percentage would be computed on the basis of: None of the answers is correct. $38. $45. $57. $30.
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The following costs relate to Tower Company: Variable manufacturing cost, $30; variable selling and...
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