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A company expects to produce and sell 15,000 units of a single product. Management desires a 15% return on assets of 52,000,000. The following additional
A company expects to produce and sell 15,000 units of a single product. Management desires a 15% return on assets of 52,000,000. The following additional company information is available: Variable costs (per unit) Production costs $65 Nonproduction costs $7 Fixed costs (in total) Overhead $97,000 Nonproduction $23,000 Compute selling price per unit given that markup percentage equals desired profit divided by total costs. $80 $92 $20 $72 $100
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