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During the current year Greeve Corporation expects to produce 10,000 units and has budgeted the...

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Accounting

During the current year Greeve Corporation expects to produce 10,000 units and has budgeted the following: net income $300,000; variable costs $900,000; and fixed costs $350,000. It has invested assets of $1,750,000. The company's budgeted ROI was 20%. What was its budgeted markup percentage using a full-cost approach? Budgeted markup percentage ___%

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