During the current year, Bierko Corporation expects to produce 10,000 units and has budgeted the following: net

Question:

During the current year, Bierko expects to produce 10,000 units and has budgeted the following: net income $300,000; variable costs $1.1 million; and fixed costs $100,000. It has invested assets of $1.5 million. What was the company's budgeted ROI? What was its budgeted markup percentage using a total cost approach?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...