Jell Corporation uses the total cost concept of product pricing. Below is cost information for the production and sale of 60,331 units of its sole product. Jell desires a profit equal to a 23% rate of return on invested assets of $581,658.00.
| Fixed factory overhead cost |
$37,072.00 |
| Fixed selling and administrative costs |
$7,862.00 |
| Variable direct materials cost per unit |
$4.53 |
| Variable direct labor cost per unit |
$1.88 |
| Variable factory overhead cost per unit |
$1.13 |
| Variable selling and administrative cost per unit |
$4.50 |
What is the dollar amount of desired profit from the production and sale of the company's product?