Magpie Corporation Uses the Total Cost Concept of Product Pricing

question 110

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:

Family Decisions

Choices or resolutions made collectively by family members regarding aspects affecting their life, such as health, finances, or education.

Foods Are Eaten Strategically

The practice of consuming meals and snacks in a planned manner to achieve specific health, fitness, or dietary goals.

Chronic Illness

A long-term health condition that requires ongoing management over a period of years or even for the entirety of a person’s life.

Family Nursing Approach

A nursing practice that considers the health and wellbeing of the family unit in the assessment, planning, and implementation of care.