Blair Designs plans the release of a new product in the upcoming year. Use the...
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Accounting
Blair Designs plans the release of a new product in the upcoming year. Use the product cost concept and the information below to determine the following.
Total Product Cost $32,000
Total Selling And Administrative Expenses $8,000
Total Assets $140,000
Estimated Units Produced And Sold 25,000
Desired Rate Of Return On Assets 15%
a. Product cost per unit
b. Desired profit
c. Markup percentage
d. Markup per unit
e. Normal selling price per unit
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