Use This Information for Magpie Corporation to Answer the Questions

question 18

Multiple Choice

Use this information for Magpie Corporation to answer the questions that follow.
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Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 60,000 units of its sole product. Magpie desires a profit equal to a 25% rate of return on invested assets of $700,000.
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$$\begin{array} { l r } \text { Fixed factory overhead cost } & \$ 38,700 \\\text { Fixed selling and administrative costs } & 7,500 \\\text { Variable direct materials cost per unit } & 4.60 \\\text { Variable direct labor cost per unit } & 1.88 \\\text { Variable factory overhead cost per unit } & 1.13 \\\text { Variable selling and administrative cost per unit } & 4.50\end{array}$$
-The cost per unit for the production and sale of the company's product is

• A) $12.11
• B) $12.88
• C) $15.00
• D) $13.50

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Definitions:

Talent Management

It is an organization’s commitment to recruit, retain, and develop the most talented and superior employees available in the job market.

Succession Management

A strategic process for identifying and developing internal people with the potential to fill key business leadership positions in the company.

Staffing Inventories

A comprehensive list or database of an organization's current employees, including their skills, qualifications, and statuses, used for planning and decision-making purposes.

HR Supply Analysis

The evaluation of the current availability of human resources within an organization to meet its future HR demand, including assessing skills, capabilities, and numbers.