Raphael Corporation Uses the Product Cost Concept of Product Pricing

Multiple Choice

Raphael Corporation uses the product cost concept of product pricing.Below is cost information for the production and sale of 50,000 units of its sole product.Raphael desires
a profit equal to a 12% rate of return on invested assets of $1,000,000.

-The dollar amount of desired profit from the production and sale of the company's product is

A) $117,600.
B) $250,000.
C) $120,000.
D) $245,000.