The management of Matsuura Corporation would like to set the selling price on a new product using the absorption costing approach to cost-plus pricing. The company's accounting department has supplied the following estimates for the new product: 
Management plans to produce and sell 1,000 units of the new product annually. The new product would require an investment of $254,000 and has a required return on investment of 10%.
-To the nearest whole percent, the markup percentage on absorption cost is:
Definitions:
Justified Individuals
Persons whose actions or beliefs are deemed ethical, legal, or right based on moral or legal grounds.
Moral Decisions
Choices made by individuals reflecting their judgments about what is right or wrong, often involving complex considerations of ethical principles and values.
General Deterrence
The use of punishment to discourage people in general from committing crimes, based on the fear of penal consequences.
Using People
The unethical practice of exploiting individuals for personal gain or advantage.
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