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2. Lodge Company makes cast-iron griddles. The following information is available for Lodge Company's anticipated annual volume of 77,000 units. Per Unit Total Direct materials

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2. Lodge Company makes cast-iron griddles. The following information is available for Lodge Company's anticipated annual volume of 77,000 units. Per Unit Total Direct materials $14 Direct labor $ 7 Variable manufacturing overhead $28 Fixed manufacturing overhead $2,695,000 Variable selling and administrative expenses $21 Fixed selling and administrative expenses $1,155,000 The company has a desired ROI of 35%. It has invested assets of $9,240,000. a. Compute the total cost per unit. (4 Points) b. Compute the desired ROI per unit. (3 Points) c. Compute the target selling price (to 2 decimals). (3 points)

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