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 $100. Given its experience, Leno believes the All- Body suit would have the following manufacturing costs. Direct materials Direct labor Total costs Manufacturing overhead $24 30 46 $100 (a1) Your answer is correct. Assume that Leno uses cost-plus pricing, setting the selling price 30% above its costs. What would be the price charged for the All-Body swimsuit? Selling price $ 130 (b) eTextbook and Media. Your answer is correct. Attempts: 1 of 5 used Assume that Leno uses target costing. What is the price that Leno would charge the retailer for the All-Body swimsuit? Selling price $ 100 (c) eTextbook and Media Attempts: 1 of 5 used What is the highest acceptable manufacturing cost Leno would be willing to incur to produce the All-Body swimsuit, if it desired Selling price $ 100 80 eTextbook and Media Attempts: 1 of 5 used (c) 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 $25 per unit? (Assume target costing.) Target cost $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit