desires a profit equal to a $21\%$ rate of return on invested assets of $$635,000.$

Fixed factory overhead cost

$$37,000$

Fixed selling and administrative costs

$7,500$

Variable direct materials cost per unit

$5\mathrm{.}02$

Variable direct labor cost per unit

$1\mathrm{.}88$

Variable factory overhead cost per unit

$1\mathrm{.}13$

Magpie Corporation uses the total cost concept of product pricing. The cost information for the production and sale of $57,100$ units of its sole product follows. Magpie

Variable selling and administrative cost per unit

$4\mathrm{.}50$

The dollar amount of the desired profit from the production and sale of the company's product