Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates $ Estimated market price Anual demand Life cycle Target profit 2,100 85,000 units 5 years 27% return on sales Required: 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 39 percent return on sales 3. Compute the target cost if Majesty wants a 10 percent return on sales Complete this question by entering your answers in the tabs bel Required 1 Required 2 Required Compute the target cost of this product. Required 2 > Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a new product with the following estimates: $ Estimated market price Annual demand Life cycle Target profit 2,100 85,000 units 5 years 27 return on sales Required: 1. Compute the target cost of this product 2. Compute the target cost if Majesty wants a 39 percent return on sales, 3. Compute the target cost if Majesty wants a 10 percent return on sales, Complete this question by entering your answers in the tabs below. Required Required 2 Required Required Compute the target cost ir Majesty wants a sy percent return on sales. Targul Cast Majesty Company uses target costing to ensure that is products are profitable. Assume Majesty is planning to introduce a new product with the following estimates $ Eatinated market price Annual demand Life cycle Target profit 2,100 35.000 units 5 years 27 return on sales Required: 1. Compute the target cost of this product 2. Compute the target cost if Majesty wants a 39 percent retum on sales 3. Compute the target cost if Majesty wants a 10 percent return on sales Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required) Compute the target cost of Majesty wants a 10 percent return on sales