Question
Dugout Water Products sells 2,000 kayaks per year at a price of $470 per unit. Dugout sells in a highly competitive market and uses
Dugout Water Products sells 2,000 kayaks per year at a price of $470 per unit. Dugout sells in a highly competitive market and uses target pricing. The company has $990,000 of assets, and the shareholders wish to make a profit of 17% on assets. Assume all products produced are sold. What is the target full product cost? A. $771,700 B. $1,099,800 C. $16,830,000 D. $940,000
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
78025915, 978-1259115400, 1259115402, 978-0078025914
