Johnson Marine has the following costs and expected sales for the coming year. Johnson is considering a number of different methods to determine the price of its product.

	Total Costs
Variable Manufacturing	$	2,354,000
Variable Selling and Administrative		754,000
Plant-level Fixed Overhead		1,208,000
Fixed Selling and Administrative		604,000
Batch-level Fixed Overhead		204,000
Total Investment in Product Line		10,012,000
Expected Sales (units)		20,000

If Johnson determines price so as to receive a desired return on assets of 15%, the price is:

Multiple Choice

• $307.29

• $263.79

• $365.58

• $331.29

• $376.29