Essay
Diamond Corporation uses the total cost concept of product pricing. Cost information for the production and sale of 35,000 units of its single product is presented below. Diamond desires a profit equal to a 15% return on invested assets of $280,000. 
Instructions: Students should compute the following items for Diamond Corporation:
a. Total cost per unit
b. ROI (profit) per unit
c. Markup percentage (round to 2 decimal places)
d. Expected selling price per unit
Correct Answer:
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a. Total cost per unit = $15.20 per unit...View Answer
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Correct Answer:
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