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Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $30, direct labor $28, variable manufacturing overhead $20, fixed manufacturing
Morales Corporation produces microwave ovens. The following per unit cost information is available: direct materials $30, direct labor $28, variable manufacturing overhead $20, fixed manufacturing overhead $42, variable selling and administrative expenses $12, and fixed selling and administrative expenses $28. Its desired ROI per unit is $32.00. Compute its markup percentage using a total-cost approach. (Round answer to 2 decimal places, e.g. 10.50\%.) Markup percentage % During the current year, Crane Corporation expects to produce 10,000 units and has budgeted the following: net income $378,000; variable costs $1,134,000; and fixed costs $441,000. It's investment in assets is $2,205,000. The company's budgeted ROI is 20%. What is its budgeted markup percentage using the full-cost approach? (Round your intermediate calculations rounded to 2 decimal places, e.g. 52.75. Round answer to 0 decimal places, e.g. 20\%.) Budgeted markup percentage %
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