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Culver Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its online website. Given market
Culver Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its online website. Given market research, Culver believes that it can charge $40 for the Slim Slicer. Prototypes of the Slim Slicer, however, are costing \$41. By using cheaper materials and gaining efficiencies in mass production, Culver believes it can reduce 5 lim Slicer's cost substantially. Culver wishes to earn a return of 40% of the selling price. (a) Compute the target cost for the Slim Slicer. Targetcost \$
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