11.

Aldot Candy Corporation is implementing a target costing approach for its latest new product, the "Big Glob" candy bar. The following information relates to the Big Glob:

Target cost per candy bar	$	0.56
Expected annual sales (in units) of candy bars		695,000
Required investment in additional assets	$	764,500
Desired return on investment		20	%

Based on this information, what is Aldot's target selling price per bar for the Big Glob?

Noreen rechecks 2017-04-04

$0.62

$0.78

$0.64

$0.84