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During the current year, Grouper Corporation expects to produce 11,000 units and has budgeted the following: net income $220,000, variable costs $993,000, and fixed

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During the current year, Grouper Corporation expects to produce 11,000 units and has budgeted the following: net income $220,000, variable costs $993,000, and fixed costs $107,000. It has invested assets of $1,100,000. The company's budgeted ROI was 20%. What was its budgeted markup percentage using a full-cost approach? Markup percentage % A

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