E8-18A (similar to) Question Help Thatcher Paints makes and sels paint to home improvement stores. Thatcher's only plant can produce up to 16 milion cans of paint per year. Current annual production is 13 milion cans. Foxed manufacturing, selling, and administrative costs total $27. 3 milion per year. The variable cost of making and selling each can of part is S5 90 Stockholders expect a 20% annual return on the company's $43 million of assets. Read the requirements Requirement 1. What is Thatchers current total cost of making and selling 13 miltion cans of paint? What is the current cost per can of paint? Select the formula labels and enter the amounts to calculate Thatchers current total cost and cuent cost per can of paint. (Enter currency amounts in dollars, not in millions Enter unit values as whole numbers, not in milions. Round all currency amounts to the nearest whole dollar and round the cost per unit to sxxx) the nearest cent Requirements Plus 1. What s Thatcher's current total cost of making and selling 13 million cans of Divided by paint? What is the current cost per can of paint? Assume that Thatcher is a pice-taker and the current wholesale market price is $8 90 per can of paint. What is the target total of cost in producing and selling 13 million cans of paint? Given Thatchers current total costs, will the company reach stockholders profit goals? 2. Total cost per unit 3. Continuing with Requirement 2, let's say that Thatcher has found ways to reduce its total fixed costs by $260,000 What is the target vanable cost per can of paint? 4. Suppose Thatcher plans to spend an additional $1.9 million on advertising to dflerentate its product in order to increase sales volume to 14 million cans and become more of a price-setter Assume that Thatcher did reduce its total fixed costs by $260,000 as stated in Requirement 3 but could not find ways to save on its variable costs. What is the cost-plus price for a can of paint under these conditions? Choose from any list or enter any number in the input fields and then 4 temaning