Preston Builders builds 1,500-square-foot starter tract homes in the fast-growing suburbs of Preston Builders would like to earn a profit of 16% of the variable cost of each home Boston. Land and labor are cheap, and competition among developers is fierce. The homes are sale. Similar homes offered by competing builders sell for $203,000 each. "cookie-cutter," with any upgrades added by the buyer after the sale. Preston Builders' cost per Read the requirements developed sublot are as follows: (Click the icon to view the costs.) Preston will need to emphasize a target-costing approach to pricing. Because the tract homes are not unique and face stiff competition, Preston will not have much control over pricing Requirement 2. Will Preston Builders be able to achieve its target profit levels? Show your computations. Complete the following table to show whether Preston Builders will be able to achieve their target profit levels. (Use parentheses or a minus sign to indicate a profit shortfall.) Less: X Data table Target cost per home Less: Expected excess profit (profit shortfall) Land 50,000 Construction $ 120,000 Landscaping -....... .. .. .. $ 5,000 Help me solve this Video Get more help - Variable marketing costs $ 4,000 Check