During the current year, Mast Corporation expects to produce 10,000 units and has budgeted the...
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Accounting
During the current year, Mast Corporation expects to produce 10,000 units and has budgeted the following: net income $300,000; variable costs $1,100,000; and fixed costs $100,000. It has invested assets of $1,500,000. The companys budgeted ROI was 24%. What was its budgeted markup percentage using a full-cost approach?
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