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What is the full product cost for the year

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Reference no: EM132810011

Our company is a price taker and has the following information available for the current year:

  • budgeted production, 200,000 units;
  • desired operating income as a percentage of total assets, 15%;
  • current market price of our product, $50 per unit; and
  • total assets, $12,000,000.

Problem 1: What is the full product cost for the year?

a. $1,500,000

b. $1,800,000

c. $8,200,000

d. $12,000,000

Reference no: EM132810011

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