A.

Flagler Electronics currently sells a camera for $270. An aggressive competitor has announced plans for a similar product that will be sold for $220. Flagler's marketing department believes that ifthe price is dropped to meet competition, unit sales will increase by1096. The current cost to manufacture and distribute the camera is $190, and Flagler has a profit goal of35% of sales. If Flagler meets competitive selling prices, what is the company's target cost? M ultiple Choice $7100. $143.00. $190.00. $175. 5 0. $94.50. 0000 Which of the following choices correctly denotes factors that can influence a company's pricing practices for goods and services? Market Conditions Customer Demand _ __ c li___ _-_ The following data pertain to Ronaldo Enterprises: Variable manufacturing cost $87 Variable selling and administrative cost 37 Applied 'Fixed manufacturing cost 57 Allocated 'Fixed selling and administrative cost 32 What price will the company charge if the rm uses costplus pricing based on absorption manufacturing cost and a markup percentage of144%? Multiple Choice O $116.85. O $178.35. O $281.14. O $351.36. O None of the answers is correct.Ralph's Auto Repair uses time and material pricing. The body shop. which anticipates 10,000 direct labor hours of activity. has the following data: Annual overhead costs: Material handling and storage $ 26,666 Other overhead costs 86,666 Annual cost of materials used 196,666 Labor rate per hour, including fringe benefits 19.25 Hourly charge to achieve profit margin 12.25 Themechmgeperhoua Multiple Choice O $21.25. O $29.25. O $31.50. O $39.50. O None of the answers is correct.Miami Industries currently sells an industrial mixer for $1,040 that market leaders sell for $960. The current costs to manufacture and distribute the mixer total $770. and the company has a profit goal of 30% of sales. Miami uses target costing in its efforts to be a leader in the marketplace. On the basis of this information, (1) what should Miami consider to be the initial driver of the targetcosting process and (2) what amount of cost reduction is needed for the company to achieve its goals? - Initial Driver Cost Reduction n price ci piece El price or piece perpec ieecerei price or pipe lil rereic ieecerii price or pipe E Market leaders' price of $968 Some other amount