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7 years ago
Back Bay Company is a price-taker and uses target pricing. 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 per unit? (Round your answer to nearest cent.) Assume all units produced are sold.
A) $27.20
B) $32.00
C) $28.59
D) $4.80
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
Will mark this subject solved, thanks
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