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2. Wake Coffee Co. expects for the price of Standard Coffee to be $12 per pound in 2016 and sell 2,000 pounds. The company owns

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Wake Coffee Co. expects for the price of Standard Coffee to be $12 per pound in 2016 and sell 2,000 pounds. The company owns $52,000 in assets, with a required rate of return on the assets of 12%. Determine the total target cost the company should achieve using the target costing method.

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