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 cost per unit for the production and sale of the company's product is:
A) $12.11
B) $12.88
C) $15
D) $13.50
Correct Answer:

Verified
Correct Answer:
Verified
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