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

Production volume   601,000   units per year
Market price   $30   per unit
Desired operating income   16%   of total assets
Total assets   $1,800,000   

What is the target full product cost per year? Assume all units produced are sold.
A) $18,030,000
B) $10,217,000
C) $17,742,000
D) $28,800,000
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
This was certainly a tough question, loving the expertise
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#3
7 years ago
I'm liking this Slight Smile
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