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:

Variable costs (per unit)
Production costs $105
Nonproduction costs $9
Fixed costs (in total)
Overhead $350,000
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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