My neighbor cooks her bacon in the microwave, but she also likes taking it to fully crisp, rather than leaving it with a little bit of chew to it, so I don't know how well it works if you like it less well done, but works well for crispy bacon.
She's gone through a couple of different 'bacon trays' through the years. Her original one looked like this one from Nordicware, but she now has a round ceramic one. (if your microwave is large enough, I recommend the square/rectangular ones, as you can fit whole strips on it without trying to curve them or needing to cut them down to fit on the tray)
To use the trays, you just lay out the bacon on it, hopefully not overlapping too much, then place a layer or two of paper towels on top of it, and then microwave it for a few minutes. The exact time is a function of your microwave's wattage, the thickness of your bacon, and how you like it cooked, but she usually starts with 6 minutes, and then does one or two minute steps 'til it's done to how she likes it.
If you have a powerful microwave (greater than 1000W), or you're only cooking a couple of strips, start with 4 minutes or even less if both are true)
She also checks how much grease has come off when she's checking how far done it is, and will drain the tray if needed. (into the trash or a clean container if you're saving it ... not down the sink)