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please show work! thanks! Goliath Corporation is in the process of setting a selling price for a new product it has just designed. The following
please show work! thanks!
Goliath Corporation is in the process of setting a selling price for a new product it has just designed. The following data related to this product for a budgeted volume of 60,000 units: Variable Costs per Unit: Direct Material $30 Direct Labor $40 Variable Overhead $10 Variable Selling and Admin $6 Fixed Costs per Period: Fixed Overhead $1,800,000 Fixed Selling and Admin $1,440,000 Goliath expected investment is operating assets is $10,080,000 and it desires a return on investment of 25%. Goliath uses cost-plus pricing to set its target selling price. 1. The total cost of a unit is (type in your total cost per unit) 2. The desired ROI (return on investment) per unit is (type in your per unit return on investment) 3. The markup percentage on cost is (type in your percentage markup) 4. The target selling price per unit is (type in your target selling price per unit)Step by Step Solution
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