The company uses the absorption costing approach to cost-plus pricing described

The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 79000 units per year. The company expects a return on investment of 15% on the $420000 investment that it made in this product. The selling price based on the absorption costing approach described in the text would be closest to:The company uses the absorption costing approach to cost-plus pricing described in the text. The percentage markup being used to determine the selling price for the product is:$1.50