Essay
Hummingbird Company uses the product cost concept of applying the cost-plus approach to product pricing.The costs and expenses of producing 25,000 units of Product K are as follows:
Hummingbird desires a profit equal to a 5% rate of return on invested assets of $642,500.
Round your markup percentage to one decimal place,and other intermediate calculations and final answer to two decimal places.
Correct Answer:

Verified
Correct Answer:
Verified
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