A company expects to produce and sell 20,000 units of a...
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Accounting
A company expects to produce and sell 20,000 units of a single product. Management desires a 20% return on assets of $2,100,000. The following additional company information is available:
Variable costs (per unit)
Production costs
$77
Nonproduction costs
$19
Fixed costs (in total)
Overhead
$100,000
Nonproduction
$30,000
Compute selling price per unit given that markup percentage equals desired profit divided by total costs.
$21.0
$102.5
$123.5
$96.0
$117.0
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