Points: 0 of 11 Save Mint Modley makes candy bars for vending machines and sells them to vendors in cases of 30 bars. Although Mint Medley makes a variety of candies, the cost differences are insignificant, and the cases all sell for the same price. Mint Medley has a total capital investment of $16,000,000. It expects to produce and sell 550,000 cases of candy next year. Mirt Medley requires a 12% farget return on investment. Expected costs for next year are (Click the icon to view the costs.) Mint Medley prices the cases of candy at full cost plus markup to generate profes equal to the target return on capital Read the requirements Requirement 1. What is the target operating income? (Enter the percentage as a whole number.) Target operating income Clear all Check answer ding machines and sells them to vendors in cases of 30 bars. Although Mint Medley makes a variety of candies, has a total capital investment of $16,000,000. It expects to produce and sell 550,000 cases of candy next year. I ar are: Requirements e 1. What is the target operating income? 2. What is the selling price Mint Medley needs to charge to earn the target operating income? Calculate the markup percentage on full cost. 3. Mint Medley is considering increasing its selling price to $11 per case. Assuming production and sales decrease by 5%, calculate Mint Medley's return on investment. Is increasing the selling price a good idea? Print Done x ines and sells them to vendors in cases of 30 bars. Although Mint Medley makes a variety of candi I capital investment of $16,000,000. It expects to produce and sell 550,000 cases of candy next ye t plus Data table Variable production costs $2.50 per case Variable marketing and distribution costs $1.00 per case Come? Fixed production costs $955,000 Fixed marketing and distribution costs $400,000 Other fixed costs $300,000 et more help 4 Print Done - X