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Business, 25.04.2020 04:24 Nitziaruiz1

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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