Question
A company has determined that the market price for its product should be $90. The current cost to manufacture and distribute the product is $82,
A company has determined that the market price for its product should be $90. The current cost to manufacture and distribute the product is $82, and Franklin has a target profit of 15% of sales. What is the company's target cost?
a. $82.00
b. $90.00
c. $13.50
d. $76.50
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Management Accounting
Authors: Anthony A Atkinson, Robert S Kaplan
5th Edition
136005314, 978-0136005315
