Simmons Corporation Estimated That the Following Costs and Activity Would

question 13

Multiple Choice

Simmons Corporation estimated that the following costs and activity would be associated with Product T: If the company uses the absorption costing approach to cost-plus pricing described in the text and desires a 20% ROI,the selling price for Product T would be:
$\begin{array}{lr}\text { Number of units sold annually ............................ } & 80,000 \\\text { Required investment............................... } & \$ 900,000 \\\text { Unit product cost........................... } & \$ 35\\\text { Selling and administrative expenses................... } & \$ 600,000\end{array}$

• A)$37.25
• B)$38.75
• C)$42.00
• D)$44.75

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A strategy where individuals create obstacles and excuses to avoid self-blame when they do poorly.

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