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.
b Compute the selling price per unit of the automotive product.

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The Answer of 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.
b Compute the selling price per unit of the automotive product.