Tidewater Company uses the product cost concept of applying the cost-plus approach to product pricing.The cost and expenses of producing and selling 50,000 units of Product K are as follows:

Tidewater desires a profit equal to a 10% rate of return on invested assets of $1,285,000.

Question

Tidewater Company uses the product cost concept of applying the cost-plus approach to product pricing.The cost and expenses of producing and selling 50,000 units of Product K are as follows:
  
Tidewater desires a profit equal to a 10% rate of return on invested assets of $1,285,000.

Quizplus · Accepted Answer

The Answer of Tidewater Company uses the product cost concept of applying the cost-plus approach to product pricing.The cost and expenses of producing and selling 50,000 units of Product K are as follows:
  
Tidewater desires a profit equal to a 10% rate of return on invested assets of $1,285,000.

Tidewater Company Uses the Product Cost Concept of Applying the Cost-Plus