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During the current year Dunham Corporation expects...

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During the current year Dunham 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 company's budgeted ROI was 20%. What was its budgeted markup percentage using a full cost approach? (Round computations and final answer to 0 decimal places, e.g. 10.)

 

Paper#13019 | Written in 18-Jul-2015

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