Magpie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% return on invested assets of $700,000.
-The unit selling price for Magpie's product is
A)$15.00
B)$13.82
C)$15.79
D)$14.76

Question

Magpie Corporation uses the total cost method of product pricing. Below is cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% return on invested assets of $700,000.​  ​
-The unit selling price for Magpie's product is
A)$15.00 
B)$13.82 
C)$15.79 
D)$14.76

Quizplus · Accepted Answer

The correct unit selling price is determined by the given data or calculations related to Magpie's product. Without specific data or context, it's impossible to calculate or confirm the correct answer. However, if choice C is indicated as correct, it suggests that based on the provided or available financial information, calculations lead to a unit selling price of $15.79 for Magpie's product.

Magpie Corporation Uses the Total Cost Method of Product Pricing