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Help Please! Stent Corporation needs to set a target price for its newly designed product EverReady. The following data relate to this new product. The

Help Please!

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Stent Corporation needs to set a target price for its newly designed product EverReady. The following data relate to this new product. The costs shown above are based on a budgeted volume of 80,000 units produced and sold each year. Stent uses cost-plus pricing methods to set its target selling price. Because some managers prefer absorption-cost pricing and others prefer variable-cost pricing, the accounting department provides information under both approaches using a markup of 50% on absorption cost and a markup of 80% on variable cost. Compute the target price for one unit of EverReady using absorption-cost pricing. (Round answer to 2 decimal places, e.g. 10.50.) Compute the target price for one unit of EverReady using variable-cost pricing. (Round answer to 2 decimal places, e.g. 10.50.)

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