Please check all details and give ans Magpie Corporation uses the total cost concept of productpricing. Below is the cost information for the productionand sale of 57,800 units of its sole product. Magpie desiresa profit equal to a 19% rate of return on invested assets of$620,000. Fixed factory overhead cost $36,900, Fixedselling and administrative costs 7,400, Variable directmaterials cost per unit 4.63, Variable direct labor cost perunit 1.88, Variable factory overhead cost per unit 1.13,Variable selling and administrative cost per unit 4.50. Themarkup percentage on total cost for the company'sproduct isa.26.8%b.20.5%c.12.6%d.15.8%

Step 1: Calculate Total Variable Cost per Unit The total variable cost per unit includes:Variable…

Answered: Magpie Corporation uses the total cost…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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