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Johnson Marine has the following costs and expected sales for the coming year. Johnson is...

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Accounting

Johnson Marine has the following costs and expected sales for the coming year. Johnson is considering a number of different methods to determine the price of its product.
Total Costs
Variable Manufacturing $ 2,350,000
Variable Selling and Administrative 750,000
Plant-level Fixed Overhead 1,200,000
Fixed Selling and Administrative 600,000
Batch-level Fixed Overhead 200,000
Total Investment in Product Line 10,000,000
Expected Sales (units)20,000
If Johnson determines price so as to receive a desired return on assets of 15%, the price is:
Multiple Choice
$262.50
$364.29
$330.00
$306.00
$375.00

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