Question
Management of Canadian feet, Inc. (CFI) is considering a new product that would have a selling price of $55 per unit and projected sales of
Management of Canadian feet, Inc. (CFI) is considering a new product that would have a selling price of $55 per unit and projected sales of 41000 units. The new product would require an investment of $820000. The desired return on investment is 15%.
A) Determine the target cost per unit for the new product. (Round your answer to 2 decimal places)
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Financial & Managerial Accounting
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
15th Edition
0073526991, 9780073526997
