Q 44

Sandhill Motors expects to produce 10000 motors during the upcoming year. It has budgeted for the following: net income of $220000; variable costs of $496000; and fixed costs of $294000. The company has invested assets of $1000000 and a budgeted return on investment (ROI) of 19.75%. What is the budgeted markup percentage used in pricing each motor using a cost-plus method of pricing? O 25% O 29% O 20% O 15%