Magpie Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of $700,000. Fixed factory overhead cost $38,500 Fixed selling and administrative costs 7,500 Variable direct materials cost per unit 4.60 Variable direct labor cost
per unit 1.88 Variable factory overhead cost per unit 1.13 Variable selling and administrative cost per unit 4.50 The cost per unit for the production and sale of the company's product is:
A) $12.11
B) $12.88
C) $15
D) $13.50
B
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Orphaned customers are best described as the:
A. solid referrals of long-term customers. B. prospects who have declined to make a purchase. C. leads generated through a direct mail program. D. customers of a salesperson who has left the company. E. customers that have failed to pay.
The three primary objectives of an advertising campaign are
A. to inform, to persuade, and to remind. B. to excite, to entice, and to engage. C. to inform, to entertain, and to influence. D. to promote goodwill, to arouse interest, and to sell. E. to entertain, to remind, and to sell.
Unilever has been active with numerous community activities in Ghana and other countries, such as implementing ______ in 1999.
a. education and development b. diversity c. nutrition and health d. international internships
The post-closing trial balance shows the updated Retained Earnings balance
Indicate whether the statement is true or false