Exercise 22-3 Leno Company makes swimsuits and sells these suits directly to retailers. Although Leno has a variety of suits, it does not make the All-Body suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the All- Body suit would sell for approximately $107. Given its experience, Leno believes the All-Body suit would have the following manufacturing costs. Direct materials Direct labor Manufacturing overhead Total costs $23 34 46 $103 Assume that Leno uses cost-plus pricing, setting the selling price 21% above its costs. What would be the price charged for the All-Body swimsuit? (Round answer to 2 decimal places, e.g. 10.50.) Selling prices LINK TO TEXT LINK TO TEXT Assume that Leno uses target costing. What is the price that Leno would charge the retailer for the All-Body swimsuit? Selling prices LINK TO TEXT LINK TO TEXT Assume that Leno uses target costing. What is the price that Leno would charge the retailer for the All-Body swimsuit? Selling price LINK TO TEXT LINK TO TEXT What is the highest acceptable manufacturing cost Leno would be willing to incur to produce the All-Body swimsuit, if it desired a profit of $22 per unit? (Assume target costing.) Target cost LINK TO TEXT LINK TO TEXT