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(Appendix 12A)The Markup on Absorption Cost Is Closest to Which

Question 74

Multiple Choice

(Appendix 12A) The markup on absorption cost is closest to which of the following?

A) 15.0%.
B) 30.0%.
C) 31.2%.
D) 96.5%.Markup = (320,000 * .15 + 60,000 * 1.10 + 1,104,000) /(60,000 * 65) = 31.2%.

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