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Oriole Company has invested $3,300,000 in assets to produce 11,000 units of its finished product. Oriole's budget for the year is as follows: net

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Oriole Company has invested $3,300,000 in assets to produce 11,000 units of its finished product. Oriole's budget for the year is as follows: net income, $330,000; variable costs, $2,640,000; fixed costs, $110,000. Compute each of the following: (Round answers to 1 decimal place, e.g. 15.2%.) 1. Budgeted ROI 2. Markup percentage using the total cost approach % % do

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