Falcon Inc

question 98

Essay

Falcon Inc.manufactures Product B, incurring variable costs of $15.00 per unit and fixed costs of $70,000.Falcon desires a profit equal to a 12% rate of return on assets, $785,000 of assets are devoted to producing Product B, and 100,000 units are expected to be produced and sold.
a Compute the markup percentage, using the total cost concept.
b Compute the selling price of Product B.
Round your intermediate calculations and final answer to two decimal places.

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Definitions:

External Reality

The objective world or environment that exists independently of an individual's perceptions or beliefs.

Social Support

Assistance and encouragement provided by others, including emotional, informational, and material support, contributing to an individual's well-being.

Psychological Problems

Issues or disorders that affect the mental health and well-being of an individual, often requiring professional diagnosis and intervention.

Depression and Anxiety

Common mental health disorders characterized by persistent sadness or worry, respectively, which can significantly interfere with daily activities.