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Question completion Status QUESTIONS Hobbs Company has a new factory that cost $500.0000 to build it can produce and sell 20.000 units of its only
Question completion Status QUESTIONS Hobbs Company has a new factory that cost $500.0000 to build it can produce and sell 20.000 units of its only product. The company wants to investment made to build its factory. The following informati o n about the costs in the company Manufacturing Costs Direct Materials 39.50 per un | Direct Labor $16.00 per unit Applied MOH 5 2450 per unit Selling Administrative Costs $10.00 per un Commissions Annual Lease Cost $150.000 Annual salaries $500.000 Annual Foxed Advertising $80.000 Given this information, what price should Hobbs charge to earn the desired 12 percent return 49.50 b. 99.50 100.88 d. 119.40 e. None of the above
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