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Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation Total Per Unit Direct materials $390 Direct labor $340
Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation Total Per Unit Direct materials $390 Direct labor $340 Variable manufacturing overhead $78 Fixed manufacturing overhead Variable selling and administrative expenses $1,759,600 58 Fixed selling and administrative expenses 584,320 The company has a desired ROI of 23%. It has invested assets of $52,456,000. It anticipates production of 3,320 units per year Compute the target selling price. 17,091,3 Target selling price tA
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