Magpie Corporation uses the total cost concept of pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of $700,000. The dollar amount of desired profit from the production and sale of the company's product is: a. $175,000 b. $67, 200 c. $73, 500 d. $96,000 The cost per unit for the production and sale of the company's product is: a. $12.11 b. $12.88 c. $15 d. $13.50 The markup percentage on total cost for the company's product is: a. 21.0% b. 22.7% c. 15.8% d. 24.0% The unit selling price for the company's product is: a. $15.00 b. S13.82 c. $15.80 d. $14.76