Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Phil Swift is trying to figure out how much to charge for a can of Flex Seal, a product he has invested $720,000 to create.
Phil Swift is trying to figure out how much to charge for a can of Flex Seal, a product he has invested $720,000 to create. He anticipates selling 120,000 cans, and wants a 20% return on his investment. Variable costs are $8 per can, while fixed costs total $330,000. What is Phil Swift's target selling price if he is using cost-plus pricing
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started