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Please see attached. Need help on my accounting homework. Thank you. 4/13/2016 WileyPLUS xercise 221 Mesa Cheese Company has developed a new cheese slicer called
Please see attached. Need help on my accounting homework. Thank you.
4/13/2016 WileyPLUS xercise 221 Mesa Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its catalog, which it issues monthly. Given market research, Mesa believes that it can charge $23 for the Slim Slicer. Prototypes of the Slim Slicer, however, are costing $26. By using cheaper materials and gaining efficiencies in mass production, Mesa believes it can reduce Slim Slicer's cost substantially. Mesa wishes to earn a return of 35% of the selling price. (a) Compute the target cost for the Slim Slicer. (Round answer to 2 decimal places, e.g. 10.50.) Target cost $ LINK TO TEXT http://edugen.wileyplus.com/edugen/lti/main.uni 1/1Step by Step Solution
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