Magney, Inc., uses the absorption costing approach to cost-plus pricing described in the text to set prices for its products. Based on budgeted sales of 38,000 units next year, the unit product cost of a particular product is $61.50. The company's selling and administrative expenses for this product are budgeted to be $814,000 in total for the year. The company has invested $440,000 in this product and expects a return on investment of 11%. The selling price for this product based on the absorption costing approach would be closest to: (Do not round intermediate calculations.)

a. $82.92
b. $68.27
c. $84.19
d. $119.55

The correct option is C,$84.19

Explanation:

In calculating selling price based on absorption costing approach, it is appropriate to factor in the following under-listed costs and returns:

The unit cost of the product of $61.50

The selling and administrative expenses totaling $814000

The 11% return on invested amount of $440000

Selling price computation:

Total of product cost ($61.50*38000)=$2,337,000

Selling and administrative expenses =$814,000

Return on investment($440000*11%)= $48,400

Total revenue                                       $3,199,400

Selling price per unit =$3199400 /38000

                                    =$84.19

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the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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