Jell Corporation uses the total cost concept of product pricing. Below is cost i

Question

Jell Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,405 units of its sole product. Jell desires a profit equal to a 25% rate of return on invested assets of $551,566.00.

What is the dollar amount of desired profit from the production and sale of the company's product?

Select the correct answer.

Fixed factory overhead cost $38,387.00 Fixed selling and administrative costs $7,535.00 Variable direct materials cost per unit $4.48 Variable direct labor cost per unit $1.88 Variable factory overhead cost per unit $1.13 Variable selling and administrative cost per unit $4.50

Explanation / Answer

Production and sale unit 60405 units Asset invested 551,566 Desired profit(551566*25%) 137,891.50

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