The Following Information Is Available on Browning Inc A)$720,000
B)$480,000
C)$640,000
D)$400,000

The following information is available on Browning Inc.'s Product A: The company uses the absorption costing approach to cost-plus pricing described in the text.Based on these data,the total selling and administrative expenses each year are:
$\begin{array}{lr}\text { Number of units sold each year. ............................ } & 20,000 \\\text { Selling price per unit ............................................ } & \$ 96\\\text { Unit product cost.................................................. } & \$ 60 \\\text { Investment in Product \( A \) ...................................... } & \$ 500,000\\\text { Required return on investment...............................}&16\%\end{array}$

A) $720,000
B) $480,000
C) $640,000
D) $400,000