1/2019 Topic 5 Quiz (Ch. 25) Fantabulous Products sells 2,200 kayaks per year at a price of $460 per unit. Fantabulous 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 1 on assets. Assume all products produced are sold. What is the target full product cost? 5. O A. $1,012,000 OB. . $17,000,000 $1,184,040 D. S842.000 Battista Stationery Company is a price-taker and uses target pricing. The company has completed an analysis of its evonues, costs, and desired profits and has calculated its target full product cost. Refer to the following information arget full product cost ctual fixed cost tual variable cost oduction volume $500,000 per year $280,000 per year $2 per unit 150,000 units per year ual costs are currently higher than target full product cost. Assume all products produced are sold. Assuming 1 able costs are dependent on commodity prices and cannot be reduced, what is the target fixed cost? $300,000 $220,000 $200,000 $500,000 280 22 O Products sells 2,100 kayaks per year at a price of $470 per unit. Murray sells in a highly competitive ma get pricing. The company has $990,000 of assets and the shareholders wish to make a profit of 16% sts are $500,000 per year and cannot be reduced. Assume all products produced are sold. What are costs? 28,600 32,577 8,600 0,000 1/2019 Topic 5 Quiz (Ch. 25) Fantabulous Products sells 2,200 kayaks per year at a price of $460 per unit. Fantabulous 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 1 on assets. Assume all products produced are sold. What is the target full product cost? 5. O A. $1,012,000 OB. . $17,000,000 $1,184,040 D. S842.000 Battista Stationery Company is a price-taker and uses target pricing. The company has completed an analysis of its evonues, costs, and desired profits and has calculated its target full product cost. Refer to the following information arget full product cost ctual fixed cost tual variable cost oduction volume $500,000 per year $280,000 per year $2 per unit 150,000 units per year ual costs are currently higher than target full product cost. Assume all products produced are sold. Assuming 1 able costs are dependent on commodity prices and cannot be reduced, what is the target fixed cost? $300,000 $220,000 $200,000 $500,000 280 22 O Products sells 2,100 kayaks per year at a price of $470 per unit. Murray sells in a highly competitive ma get pricing. The company has $990,000 of assets and the shareholders wish to make a profit of 16% sts are $500,000 per year and cannot be reduced. Assume all products produced are sold. What are costs? 28,600 32,577 8,600 0,000