Multiple Choice
Dieckman Company makes a product with the following costs: 
The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based on budgeted production and sales of 71,000 units per year.
The company has invested $360,000 in this product and expects a return on investment of 13%.
Direct labor is a variable cost in this company.
-The selling price based on the absorption costing approach is closest to:
A) $70.88
B) $41.60
C) $56.40
D) $57.06
Correct Answer:
Verified
Correct Answer:
Verified
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