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Revolve Company is a price-taker and uses a target-pricing approach. Refer to the following ...

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Revolve Company is a price-taker and uses a target-pricing approach. Refer to the following ...

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

Edition: 5^th

Authors: Miller-Nobles, Mattison, Matsumura

Read 589 times

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7 years ago

Makes perfect sense, thx

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nlewis99

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4 years ago

thanks...

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Wan Z.

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4 years ago

thanks

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