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A company expects to produce and sell 20000 units of a

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A company expects to produce and sell 20,000 units of a single product. Management desires a 22% return on assets of $3,000,000. The following additional company information is available:

  1. Variable costs (per unit)
  2. Production costs $105
  3. Nonproduction costs $9
  4. Fixed costs (in total)
  5. Overhead $350,000
  6. Nonproduction $120,000

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

  • $137.50
  • $33.00
  • $170.50
  • $114.00
  • $122.50

Reference no: EM13574996

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