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Please answer each question step by step. Do not copy other answers. Thank you. Dialogue period 4 fall 2023 Elena and Gael Monfils are the

Please answer each question step by step. Do not copy other answers. Thank you.

image text in transcribed Dialogue period 4 fall 2023 Elena and Gael Monfils are the perfect couple and form The Skia Tennis Products. The Skia Tennis Products makes a variety of tennis products. You have been asked to help them with the tennis balls. The only plant they have in Brazil can produce as many as 2,500,000 cans of tennis balls per year. Current production is 2,000,000 tennis cans. Annual manufacturing, selling, and administration fixed costs total $700,000. The variable cost of making and selling each can of tennis balls is $1.00. Stockholders expect a 12% annual return on the company's $3,000,000 of assets. Required: 1. What is Skia's current full product cost of making and selling 2,000,000 cans of tennis balls? 2. What is the current full unit product cost of each can of tennis balls? 3. Assume the current market price is $1.45 per can of tennis balls. What is the target full product costs of producing and selling 2,000,000 cans of tennis balls? Given this information will the company reach the stockholders profit goals? 4. If Skia cannot change its fixed costs, what is the target variable costs per can of tennis balls

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