Business, 20.06.2020 17:57 2022rickskyye

Titan Metalworks produces a special kind of metal ingots that are unique, which allows Titan to follow a costminusplus pricing strategy. Titan has $10.000,000 of assets and shareholders expect approximately a 10% return on assets. Assume all products produced are sold. Additional data are as follows: Sales volume $350,000 units per year
Variable costs $15.00 per unit
Fixed costs $1,700,000 per year
Using the cost -, + pricing approach, what should be the sales price per unit?
A. $2.86
B. $19.86
C. $22.71
D. $15.00

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