Brief Exercise 8-35. Calculating a Target Cost 6 Objective 4 Example 8.10 Sisters, Inc. manufactures professional-level printers that perform multiple features, such as high-resolution color scanning, printing, faxing, and copying. The new printer model has a target price of $600. Management requires a 20% profit on new product revenues. Required: 1. Calculate the amount of desired profit. 2. Calculate the target cost.