Werry Company is about to introduce a new product. It is expected that the following costs would be incurred when 25,000 units are produced and sold in a year: 
Werry Company uses the absorption costing approach to cost-plus pricing as described in the text.
-Assume that Werry Company has not yet determined a markup to use on the new product.The new product would require an investment of $800,000.The company requires a 20% rate of return on investment on all new products.The markup under the absorption costing approach would be closest to:
Definitions:
Wheel-Off Incidents
Occurrences where a wheel detaches from a vehicle while it is in motion, leading to potential accidents or damage.
Cast Spoke Wheels
Wheels made by pouring molten metal into molds with spokes, commonly used in heavy-duty applications for their strength.
Loaded Front Axle
A front axle that carries a significant portion of the vehicle's weight or load, enhancing traction and stability.
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