Question
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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Accounting Information Systems
Authors: Ulric Gelinas, Richard Dull, Patrick Wheeler
10th Edition
113393594X, 9781133935940
