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

Question:

During the current year Dunham 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 company's budgeted ROI was 20%. What was its budgeted markup percentage using a full-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...