MC Qu. 64 A company expects to produce and sell ...

A company expects to produce and sell 10,000 units of a single product. Management desires a 20% return on assets of $1,400,000. The following additional company information is available:

Variable costs (per unit)
Production costs	$70
Nonproduction costs	$12
Fixed costs (in total)
Overhead	$97,000
Nonproduction	$23,000

Compute selling price per unit given that markup percentage equals desired profit divided by total costs.

	$82.0
	$94.0
	$28.0
	$122.0
	$110.0