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During the current year, Blossom Corporation expects to produce 10,000 units and has budgeted the following: net income $372,000; variable costs $1,116,000; and fixed costs
During the current year, Blossom Corporation expects to produce 10,000 units and has budgeted the following: net income $372,000; variable costs $1,116,000; and fixed costs $434,000. It's Investment in assets is $2,170,000. The company's budgeted ROI is 15%. What is its budgeted markup percentage using the full-cost approach? (Round your intermediate calculations rounded to 2 decimal places, eg. 52.75. Round answer to O decimal places, e.g. 20%.) Budgeted markup percentage %
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