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Magpie Corporation Uses the Total Cost Concept of Product Pricing

question 139

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Magpie Corporation uses the total cost concept 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% rate of return on invested assets of $700,000. Magpie Corporation uses the total cost concept 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% rate of return on invested assets of $700,000.   The dollar amount of desired profit from the production and sale of the company's product is A)  $175,000 B)  $67,200 C)  $73,500 D)  $96,000 The dollar amount of desired profit from the production and sale of the company's product is


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