Question
Custom Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs $43,418 Variable selling and administrative costs $22,866 Fixed manufacturing
Custom Shoes Co. has gathered the following information concerning one model of shoe:
| Variable manufacturing costs | $43,418 |
| Variable selling and administrative costs | $22,866 |
| Fixed manufacturing costs | $168,631 |
| Fixed selling and administrative costs | $120,743 |
| Investment | $1,719,468 |
| ROI | 31% |
| Planned production and sales | 5,000 pairs |
The target selling price per pair of shoes is $________________.
Format: Round all calculations to two decimal places. Your answer should be a positive number rounded to two decimal places. Do not use a $ sign.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Social Responsibility Audit A Management Tool For Survival
Authors: John W Humble
1st Edition
0900853522, 978-0900853524
