Magney,Inc

question 76

Multiple Choice

Magney,Inc.,uses the absorption costing approach to cost-plus pricing described in the text to set prices for its products.Based on budgeted sales of 84,000 units next year,the unit product cost of a particular product is $40.80.The company's selling and administrative expenses for this product are budgeted to be $1,705,200 in total for the year.The company has invested $300,000 in this product and expects a return on investment of 14%. The selling price for this product based on the absorption costing approach would be closest to:

• A) $92.25
• B) $61.60
• C) $46.51
• D) $61.10

Describe the role of coaching and its impact on employee motivation and skill development.

Understand the significance of self-assessment in identifying opportunities and areas for improvement.

Acknowledge the use of formal education programs in employee development.

Distinguish between training and development and their respective purposes.

---

Definitions:

Sensing Types

Personality traits or preferences that focus on gathering information through the five senses, a concept often discussed in Myers-Briggs type indicators.

Myers-Briggs Type Indicator

A psychometric tool designed to measure psychological preferences in how people perceive the world and make decisions, resulting in a 16-type typology.

Facts

Objective statements or pieces of information based on real, observable events or phenomena.

Myers-Briggs Type Indicator

A psychological assessment tool that categorizes individuals into personality types based on preferences in perceiving the world and decision-making.