Magpie Corporation Uses the Total Cost Method of Product Pricing

question 137

Multiple Choice

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 markup percentage on total cost for Magpie's product is

• A)21.0%
• B)22.6%
• C)15.8%
• D)24.0%

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Definitions:

Possible Nursing Diagnosis

A clinical judgment about individual, family, or community experiences and responses to actual or potential health problems and life processes.

Clinical Inference

The process of drawing conclusions from health data and applying clinical knowledge to determine diagnosis, prognosis, and treatment options.

Supportive Data

Information or evidence that helps to substantiate a claim, theory, or finding, providing a foundation for conclusions.

Treat Independently

To address or manage a condition or patient in a manner that is autonomous, not relying on external assistance or direction.