Exercise 12A-1 Absorption Costing Approach to Cost-Plus Pricing [LO12-8] Martin Company uses the absorption costing approach to cost-plus pricing. It 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 14,000 Unit product cost $ 25 Estimated annual selling and administrative expenses $ 50,000 Estimated investment required by the company $ 750,000 Desired return on investment (ROI) 12 %
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Home » Business » Exercise 12A-1 Absorption Costing Approach to Cost-Plus Pricing [LO12-8] Martin Company uses the absorption costing approach to cost-plus pricing. It is considering the introduction of a new product.