Moon Company uses the variable cost method of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 75,000 units of Product T are as follows: 
Moon desires a profit equal to an 18% return on invested assets of $1,440,000.
a.Determine the amount of desired profit from the production and sale of Product T.
b.Determine the total variable costs for the production and sale of 75,000 units of Product T.
c.Determine the markup percentage for Product T.
d.Determine the unit selling price of Product T.Round your markup percentage to one decimal place and other intermediate computations and final answer to two decimal places.
Definitions:
Project Risk
The potential for losing time, quality, or resources in the pursuit of a project’s objectives.
Security Issued
Financial instruments that are offered for sale by a corporation or a government entity, typically in the form of stocks or bonds.
Cost of Equity
The return that investors require for an investment in a company, representing the compensation for the risk taken.
Financing
Allocating resources for the purposes of business ventures, buying goods, or making investments.
Q56: A series of budgets for varying levels
Q82: In a lean environment, process problems are
Q97: Opportunity cost is the amount of increase
Q100: From the provided schedule of activity costs,
Q105: The target cost of the company's product
Q106: In computing the present value of an
Q108: Fixed costs are included in the markup<br>A)Total
Q131: Using the tables provided, the present value
Q142: After the sales budget is prepared, the
Q178: Which of the following methods of evaluating