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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
Revolve Company is a price-taker and uses a target-pricing approach. Refer to the following information:

Production volume   602,000   units per year
Market price   $32   per unit
Desired operating income   15%   of total assets
Total assets   $13,700,000   

What is the target full product cost in total for the year? Assume all units produced are sold.
A) $2,055,000
B) $17,209,000
C) $90,300
D) $13,700,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Deprecated Author
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#2
7 years ago
Makes perfect sense, thx
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#3
4 years ago
thanks...
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#4
4 years ago
thanks
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