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During the current year Chudrick Corporation expects to produce 9,000 units and has budgeted the following: net income $216,000, variable costs $977,000, and fixed costs

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During the current year Chudrick Corporation expects to produce 9,000 units and has budgeted the following: net income $216,000, variable costs $977,000, and fixed costs $103,000. It has invested assets of $1,080,000. The company's budgeted ROI was 20%. What was its budgeted markup percentage using a full-cost approach? Markup percentage 96

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