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The following information is available for a product manufactured by Gardenia Corporation:
Gardenia has a desired ROI of 16%. It has invested assets of $8,250,000 and expects to produce 5,000 units per year.
Instructions
Compute each of the following:
1. Cost per unit of fixed manufacturing overhead and fixed selling and administrative expenses.
2. Desired ROI per unit.
3. Markup percentage using the absorption-cost approach.
4. Markup percentage using the variable-cost approach.
Noncontrolling Interest
An ownership interest in a subsidiary that is not large enough to control the company's operations, often represented as a separate component of equity in the consolidated financial statements.
Acquisition-Date Fair Value
The market value of an asset or liability at the exact date an acquisition is completed, used for accounting purposes.
Noncontrolling Interest
The portion of equity in a subsidiary not attributable, directly or indirectly, to a parent company.
Net Income
A company's final profit after total revenue has had taxes, costs, and other expenses removed.
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