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Business, 26.08.2020 14:01 KathyRayG7456

Minden Corporation estimates that the following costs and activity would be associated with the manufacture and sale of product A: Number of units sold annually 32,000 Required investment$520,000 Unit product cost$31 Selling and administrative expenses$170,000 If the company uses the absorption costing approach to cost-plus pricing described in the text and desires a 15% rate of return on investment (ROI), the required markup on absorption cost for Product A would be closest to:

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