Physical Science Knowledge Check / Science in Action

Question Description

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.Required: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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