Gildea Builders builds 1,500-square-foot starter tract homes in the fast-growing suburbs of Boston. Land and labor are cheap, and competition among developers is fierce. The homes are "cookie-cutter," with any upgrades added by the buyer alter the sale. Gildea Builders' cost per developed sublot are as follows: BE (Click the icon to view the costs.) Gildea Builders would like to earn a profit of 14% of the variable cost of each home sale. Similar homes offered by competing builders sell for $205,000 each Read the requirements Requirement 1. Which approach to pricing should Gildea Builders emphasize? Why? stiff competition, Gidea will Gildea will need to emphasize a target-costing approach to pricing Because the tract homes are not unique and face not have much control over pricing Requirement 2. Will Gidea Builders be able to achieve its target profit levels? Show your computations Complete the following table to show whether Gidea Builders will be able to achieve their target profit lovels. (Use parentheses or a minus sign to indicate a profit shortfall.) Choose from any list or enter any number in the input fields and then click Check Answer Gildea Builders builds 1,500-square-foot starter tract homes in the fast-growing Gildea Builders would like to eam a profit of 14% of the variable cost of each home suburbs of Boston. Land and labor are cheap, and competition among developers sale. Similar homes offered by competing builders sel for $205,000 each. is fierce. The homes are "cookie-cutter," with any upgrades added by the buyer Read the requirements after the sale. Gildea Builders' cost per developed sublot are as follows: B. (Click the icon to view the costs) Requirement 2. Will Gildea Builders be able to achieve its target profit levels? Show your computations. Complete the following table to show whether Gildea Builders will be able to achieve their target profit levels. (Use parentheses or a minus sign to indicate a profit shortfall.) LLL Less: Target cost per home Loss: Expected excess profit (profit shortfall) Choose from any list or enter any number in the input fields and then click Check Answer, Land.. Construction.. Landscaping Variable marketing.costs .... ....... $ 55,000 ......... $ 122,000 S6,000 4.000