Pina Colada Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its online website. Given market research, Pina Colada believes that it can charge $30 for the Slim Slicer. Prototypes of the Slim Slicer, however, are costing $32. By using cheaper materials and gaining efficiencies in mass production, Pina Colada believes it can reduce Slim Slicer's cost substantially. Pina Colada wishes to earn a return of 20% of the selling price. (a) Compute the target cost for the Slim Slicer. Target cost

Pina Colada Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its online website. Given market research, Pina Colada befieves that it can charge $30 for the Slim Slicer. Prototypes of the Slien Slicer. however, are costing $32. By using cheaper mater ials and Eating efficiencies in mass production. Pina Colada believes it can reduce Slim Slicer's cost substantially Pina Colada wal wes to earn a return of 205 of the selling price. (a) Compute the target cost for the Slim Slicer. Target cost s