Multiple Choice
Mallard Corporation uses the product cost method of product pricing. Below is cost information for the production and sale of 45,000 units of its sole product. Mallard desires a profit equal to a 12% return on invested assets of $800,000.
-The markup percentage on product cost for the company's product is
A) 23.4%
B) 10.9%
C) 26.1%
D) 18.0%
Correct Answer:

Verified
Correct Answer:
Verified
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