1 Match the type of company and its most likely pricing approach given the company sells products that are not unique and faces significant competition. - v Type of Company A. Price taker v Pricing approach B. Cost-plus pricing C. Price setter D. Target costing QUESTION 2 Quiche & Tell, Inc., is a catering business. Direct labor costs are $15 per hour and overhead is allocated to jobs at a rate of $10 per direct labor hour. Catering for the Eggsetera, Inc. party cost $1,000 for direct materials and took 3 direct labor hours. Given Quiche & Tell uses a cost-plus pricing approach and marks up its jobs by 40%, calculate the price for the Eggsetera's party QUESTION 3 Simple T's, Inc. sells plain T-shirts in a very competitive market and thus needs to price its T-shirts at $12 each to maximize sales. It expects to sell 11,000 T-shirts. Its total current costs to make 11,000 T-shirts is $110,000. How much must its target total costs equal to reach its desired profit of $30,000