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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.
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