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Question Red Co. uses the product cost concept of applying the cost-plus approach to product pricing. Below is cost information for the production and sale of 40,000 units of its sole product. Red Co. desires a profit equal to a 15% rate of return on invested assets of $1,200,000. The dollar amount of desired profit from the production and sale of the company’s product is Select one: a. $70,000 b. $60,000 c. $180,000 d. $140,000

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Question

Red Co. uses the product cost concept of applying the cost-plus approach to product pricing. Below is cost

information for the production and sale of 40,000 units of its sole product. Red Co. desires a profit equal to a 15% rate of return on invested assets of $1,200,000.

The dollar amount of desired profit from the production and sale of the company’s product is

Select one:

a. $70,000

b. $60,000

c. $180,000

d. $140,000

 
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