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The following information is available on Bobco Inc.'s Product Z10: Number of units sold each year 24,000 Selling price per unit $70 Unit product cost
The following information is available on Bobco Inc.'s Product Z10: Number of units sold each year 24,000 Selling price per unit $70 Unit product cost $50 Investment in Product Z10 $540,000 Required return on investment 10% The company uses the absorption costing approach to cost-plus pricing described in the text. Based on these data, the total selling and administrative expenses each year are: (Round your intermediate calculations to 2 decimal places. Give your answer in whole dollars)
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