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4. (15 pts) Illinois Company has budgeted the following costs for the production of its only product: Direct Materials Direct Labor Variable indirect production costs

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4. (15 pts) Illinois Company has budgeted the following costs for the production of its only product: Direct Materials Direct Labor Variable indirect production costs Fixed indirect production costs Variable selling and administrative costs 7,500 Fixed selling and administrative costs Total Costs inois Company has a target profit of $40,000. The company will produce 1,000 units. The $35,000 25,000 30,000 15,000 12,500 $125,000 market price is $160 per unit. What is the target cost per unit? PLEASE TURN OVER

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