A company expects to produce and sell 20,000 units of a single product. Management desires...
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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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