Please see attachments. I need the answers for all the questions attached.
Martin Company is considering the introduction of a new product. To determine a selling price, the company has gathered the following information:
|Number of units to be produced and sold each year||19,500|
|Unit product cost||$||50|
|Projected annual selling and administrative expenses||$||66,000|
|Estimated investment required by the company||$||340,000|
|Desired return on investment (ROI)||21||%|
The company uses the absorption costing approach to cost-plus pricing.
1. Compute the markup required to achieve the desired ROI. ((Round your final answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).)
2. Compute the selling price per unit. (Round your intermediate and final answers to 2 decimal places. )
rev: 11_08_2018_QC_CS-147151, 11_13_2018_QC_CS-147151
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