Twilight Lumina Company recently began production of a new product, the halogen light, which required...

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Accounting

Twilight Lumina Company recently began production of a new product, the halogen light, which required an investment of $ 1,440,000 in assets. The costs of producing and selling 7,200 halogen lights. Twilight Lumina Company is currently considering establishing a selling price for the halogen light. The president of Twilight Lumina Company has decided to use the cost-plus approach to product pricing and has indicated that the halogen light must earn a 20% rate of return on invested assets.
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