Question
10S-2. Executives of Studio Recordings Inc. produced the latest compact disc by the Starshine Sisters Band, titled Sunshine/Moonshine. The following cost information In Table 1
10S-2. Executives of Studio Recordings Inc. produced the latest compact disc by the Starshine Sisters Band, titled Sunshine/Moonshine. The following cost information In Table 1 pertains to the CD: Table 1 CD Information Cost a. CD package $1.25/CD b. Songwriters royalties $0.35/CD c. Recording artists royalties $1.00/CD d. Advertising and promotion $275,000 e. Studio Recording Inc.s overhead $250,000 f. Selling price to the CD distributor $9.00 4. If you were tasked to produce $300,000 minimum in profit, what would your pricing recommendation be?
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