Titan Metalworks produces a special kind of metal ingots that are unique,which allows Titan to follow a cost-plus pricing strategy.Titan has $10,000,000 of assets and shareholders expect approximately a 10% return on assets.Assume all products produced are sold.Additional data are as follows:

Using the cost-plus pricing approach,what should be the sales price per unit? (Round your answer to the nearest cent. )

Question

Titan Metalworks produces a special kind of metal ingots that are unique,which allows Titan to follow a cost-plus pricing strategy.Titan has $10,000,000 of assets and shareholders expect approximately a 10% return on assets.Assume all products produced are sold.Additional data are as follows:

Using the cost-plus pricing approach,what should be the sales price per unit? (Round your answer to the nearest cent. )

Quizplus · Accepted Answer

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Titan Metalworks Produces a Special Kind of Metal Ingots That