Boston Executive Inc. desires a profit equal to a 21% return on invested assets of $600,000

1. Boston Executive, Inc., produces executive limousines and currently manufactures the mini- bar inset at these costs: Variable Costs: Direct materials Direct labor Variable overhead Total variable costs Variable Cost Fixed Costs: Amount: $950 Depreciation - equipment 650 Depreciation - building 300 Supervisor salaries 1,900 Total Fixed costs Fixed Cost Amount: $500 200 300 1,000 Assume that Boston Executive, Inc. uses the total cost method of applying the cost-plus approach to product pricing. a. Determine the total costs and the total cost amount per unit for the production and sale of 1,000 mini-bars. b. Determine the total cost markup percentage (rounded to two places behind the decimal) for mini-bars. Determine the selling price of mini-bars. (Round markup to the nearest cent.) C