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  1. business
  2. accounting
  3. desires a profit equal to a 21% rate of return on

desires a profit equal to a 21% rate of return on invested assets of $635,000....

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Question

Accounting

desires a profit equal to a 21% rate of return on invested assets of $635,000.
Fixed factory overhead cost
$37,000
Fixed selling and administrative costs
7,500
Variable direct materials cost per unit
5.02
Variable direct labor cost per unit
1.88
Variable factory overhead cost per unit
1.13
Magpie Corporation uses the total cost concept of product pricing. The cost information for the production and sale of 57,100 units of its sole product follows. Magpie
Variable selling and administrative cost per unit
4.50
The dollar amount of the desired profit from the production and sale of the company's product

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