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 $ 1,800 Annual demand 89,000 units Life cycle 5 years Target profit 264 return on sales Required: 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 38 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 1 Required 2 Required Compute the target cost of this product Targe Cost Required 2 > Majesty Company uses target costing to ensure that its products are profitable. Assume Majesty is planning to introduce a product with the following estimates: Estimated market price $ Annual demand Life cycle Target profit 1,800 89,000 units 5 years 26% return on sales Required: 1. Compute the target cost of this product. 2. Compute the target cost if Majesty wants a 38 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 1 Required 2 Required 3 Compute the target cost if Majesty wants a 38 percent return on sales. Target Cost Required 1 Required 3 > Majesty Company uses target costing to ensure that its products are profitable. Assume Maje product with the following estimates: Estimated market price $ Annual demand Life cycle Target profit 1,800 89,000 units 5 years 26% return on sales Required: 1. Compute the target cost of this product 2. Compute the target cost if Majesty wants a 38 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 1 Required 2 Rifquired 3 Compute the target cost if Majesty wants a 10 percent return on sales. Target Cost