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Donnelley Products sells 2,500 kayaks per year at a sales price of $470 per unit. Donnelley sells in a highly competitive market and uses target pricing. The company has $1,000,000 of assets, and the shareholders wish to make a profit of 16% on assets. Variable cost is $180 per unit and cannot be reduced.  Assume all products produced are sold. What are the target fixed costs?
A) $565,000
B) $160,000
C) $1,015,000
D) $1,175,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


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