Because I really hate the mess that frying bacon on top of the stove makes, I use this method when I need cooked bacon.
On a dinner plate, place a piece of paper towel. Lay the bacon slices on top. Cover with another layer of paper towels.
Place in the microwave & cook on high heat, in 1 minute intervals, checking to see when it is just slightly less than your liking, as it will contine to cook while resting; rotating the plate after every minute of cooking. Depending on the thickness, this could take anywhere from 1 minute to 4 minutes or so.