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Fantabulous Products sells 2.000 kayaks per year at a price of $450 per unit. Fantabulous sells in a highly competitive market and uses target pricing.

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Fantabulous Products sells 2.000 kayaks per year at a price of $450 per unit. Fantabulous sells in a highly competitive market and uses target pricing. The company has calculated its target full product cost at $720,000 per year. Total variable costs are $330,000 per year and cannot be reduced. How much is the target fixed costs? A $330,000 B $570,000 C $390,000 (D) $180.000 2 Points Question 30 Which of the following is the correct formula for calculating residual income (RI)? (A) Operating Income - Minimum acceptable operating income B) Operating income + Average assets (C) Weighted average cost of capital - Net operating profit after tax

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