Brief Exercise 150

MAC Company has invested $3,000,000 in assets to produce 10,000 units of its finished product. MACs budget for the year is as follows: net income, $360,000; variable costs, $2,400,000; fixed costs, $300,000. Compute each of the following: (Round answers to 1 decimal place, e.g. 15.2%.)

1.	Budgeted ROI			%
2.	Markup percentage using a total cost approach			%

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