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During the current year, Chudrick Corporation expects to produce 11,000 units and has budgeted the...

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Accounting

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

Markup percentage enter the markup percentage

%

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