Magpie Corporation Uses the Total Cost Concept of Product Pricing

question 116

Multiple Choice

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 unit selling price for the company's product is:

• A) $15.00
• B) $13.82
• C) $15.80
• D) $14.76

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Definitions:

Selection Round

A phase in the recruitment process where candidates undergo various evaluations or tests to determine their suitability for a job or program.

Organization's Needs

The requirements or demands of an organization necessary for it to achieve its objectives and operate efficiently.

Salary and Benefits

The compensation and additional perks offered to an employee for their service, including health insurance, retirement contributions, and paid leave.

Realistic Job Simulation

A method used in employee selection and training that replicates the actual tasks and conditions of a job to evaluate a candidate's performance.