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. 
-Contractors who sell to government agencies would be most likely to use which of the following cost methods in pricing their products?
Definitions:
Gracile Australopithecines
A subgroup of the Australopithecus genus characterized by their more slender and lightly built frame compared to their robust cousins.
Utilitarian Artifacts
Objects made by humans for practical purposes rather than for decoration or artistic expression.
Regional Specialization
The development of specific economic activities and industries in particular areas or regions, often based on geographic benefits or resource availability.
Evolutionary Placement
The determination of the position or relationship of an organism or a group of organisms within an evolutionary tree, showing how species are related to each other.
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