Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 59,700 units of its sole product. Magpie desires a profit equal to a 22% rate of return on invested assets of $588,000. Fixed factory overhead cost $38,100 Fixed selling and administrative costs 7,500 Variable direct materials cost per unit 4.32 Variable direct labor cost per unit 1.88 Variable factory overhead cost per unit 1.13 Variable selling and administrative cost per unit 4.50 The cost per unit for the production and sale of the company's product is

Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of 59,700 units of its sole product. Magpie desires a profit equal to a 22% rate of return on invested assets of $588,000. Fixed factory overhead cost $38,100 Fixed selling and administrative costs 7,500 Variable direct materials cost per unit 4.32 Variable direct labor cost per unit 1.88 Variable factory overhead cost per unit 1.13 Variable selling and administrative cost per unit 4.50 The cost per unit for the production and sale of the company's product is

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Description: Magpie Corporation uses the total cost concept of product pricing. Below is the cost information for the production and sale of59,700 units of its sole product. Magpie desires a profit equal to a 22% rate of return on invested assets of $588,000.Fix

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 4EB: Roper Furniture manufactures office furniture and tracks cost data across their process. The...

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