TB MC Qu. 15-62 Longwood, Inc. manufactures various... Longwood, Inc. manufactures various lines of computer equipment and is planning to Introduce a new line of laptops. Current plans call for the production and sale of 500 units, with estimated costs as follows: Variable costs: Manufacturing Selling and Administrative $451,000 101,000 Total variable costs $ 552,000 Fixed costs: Manufacturing $301,000 Selling and Administrative 181,000 Total fixed costs Total costs 482,000 $1,034,000 The average amount of capital Invested in the laptop product line is $910,000 and Longwood's target return on investment is 20%. What price must Longwood charge if the company uses cost-plus pricing based on total cost? Multiple Choice $1,704. $1,820. $500. $2,432