Kirby,Inc ,Manufactures a Product with the Following Costs: the Company

Multiple Choice

Kirby,Inc. ,manufactures 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 19,000 units per year. The company has invested $580,000 in this product and expects a return on investment of 14%.
The selling price based on the absorption costing approach would be closest to:

A) $74.30
B) $56.11
C) $96.50
D) $78.57