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During the current year, Bierko Corporation expects to produce 10,900 units and has budgeted the following: net income $457,800; variable costs $1,384,300; and fixed costs
During the current year, Bierko Corporation expects to produce 10,900 units and has budgeted the following: net income $457,800; variable costs $1,384,300; and fixed costs $141,700. It has invested assets of $2,345,000. What was the company's budgeted ROI? What was its budgeted markup percentage using a total cost approach?
Budgeted ROI per unit | $ | ||
Budgeted markup percentage | % |
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