According to Vignette R, MLB, Teams Sue Insurers to Recoup P…

According to Vignette R, MLB, Teams Sue Insurers to Recoup Pandemic Losses, MLB teams are currently suing their insurance companies for approximately ___ the amount of revenue lost due to cancelled games during the 2020 season as a result of the Covid Pandemic.

Willis Products Inc. uses the product (manufacturing) cost c…

Willis Products Inc. uses the product (manufacturing) cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 200,000 units of medical tablets are as follows:  Variable cost per unit Fixed costs Direct materials $75 Factory overhead $800,000 Direct labor $115 Selling & admin. expense $1,200,000 Factory overhead $30 Selling & admin. expense $20 Total  $240 Willis Products desires a profit equal to a 20% rate of return on invested assets of $12,000,000.  Which of the following statements would be true?