Boston Executive, Inc., produces executive limousines and currently manufactures the mini

bar inset at these costs:

Assume that Boston Executive, Inc. uses the total cost method of applying the cost$-$plus approach to

product pricing and desires a profit equal to a $21\%$ return on invested assets of $$600,000.$

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.

c$.$ Determine the selling price of mini$-$bars. $($Round markup to the nearest cent.$)$

Boston Executive, Inc., produces executive limousines and currently manufactures the mini

bar inset at these costs: