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Determinant Company is a price-taker and uses a target-pricing approach. Refer to the following information: Production volume 600,000 units per year Market price $30 per

Determinant Company is a price-taker and uses a target-pricing approach. Refer to the following information:

Production volume

600,000

units per year

Market price

$30

per unit

Desired operating income

15%

of total assets

Total assets

$13,700,000

What is the target full product cost in total for the year? Assume all units produced are sold.

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