Mcclelland corporation uses the total cost concept of

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McClelland Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 40,000 units of its sole product. McClelland desires a profit equal to a 14% rate of return on invested assets of $400,000.

Fixed factory overhead cost $25,000
Fixed selling and administrative costs 5,000.00
Variable direct materials cost per unit 3.00
Variable direct labor cost per unit 1.25
Variable factory overhead cost per unit 75 cents
Variable selling and administrative cost per unit 3.00

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

Reference no: EM13604905

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