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Homework Q 1-3

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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