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A company expects to produce and sell 15000 units of a

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A company expects to produce and sell 15,000 units of a single product. Management desires a 15% return on assets of $2,000,000. The following additional company information is available:

  1. Variable costs(per unit)
  2. Production costs $65
  3. Nonproduction costs $7
  4. Fixed costs (in total)
  5. Overhead $97,000
  6. Nonproduction $23,000

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

  • $80
  • $100
  • $20
  • $72
  • $92

Reference no: EM13574991

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