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Ocean Grove Vending Company has invested $980,000 in a plant to make vending machines. The target operating income desired from the plant is $196,000 annually.

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Ocean Grove Vending Company has invested $980,000 in a plant to make vending machines. The target operating income desired from the plant is $196,000 annually. The company plans arvual sales of 1600 vending machines at a selling price of $1,100 each What is the cost bate of each vending machine for Ocean Grove Vending Company? A. $1,100 8. 5613 C. 51.422 D. 5978

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