1. Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $30, direct labor $20, variable manufacturing overhead $12, fixed manufacturing overhead $38, variable selling and administrative expenses $10, and fixed selling and administrative expenses $20. Its desired ROI per unit is $22.10. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50%.)

Markup percentage

%

During the current year, Chudrick Corporation expects to produce 10,000 units and has budgeted the following: net income $260,000, variable costs $1,209,000, and fixed costs $91,000. It has invested assets of $1,300,000. The companys budgeted ROI was 20%. What was its budgeted markup percentage using a full-cost approach?

Markup percentage

%