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Business, 03.12.2019 05:31 mshepherdmiller

Goshawks co. produces an automotive product and incurs total manufacturing costs of $2,600,000 in the production of 80,000 units. the company desires to earn a profit equal to a 12% rate of return on assets of $960,000. total selling and administrative expenses are $105,000.
a. calculate the markup percentage, using the product cost concept. round your answer to one decimal place. %
b. compute the selling price per unit of the automotive product. round your answer to two decimal places. $

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