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Quality Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs $50,000 Variable selling and administrative costs $25,000 Fixed manufacturing

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Quality Shoes Co. has gathered the following information concerning one model of shoe: Variable manufacturing costs $50,000 Variable selling and administrative costs $25,000 Fixed manufacturing costs $200,000 Fixed selling and administrative costs $150,000 Investment $2,125,000 ROI 30% Planned production and sales 5,000 pairs 4. What is the total cost per pair of shoes? a. $50 b. $85 $210 d. $120 C. 5. What is the desired ROI per pair of shoes? a. $85.00 b. $210.00 c. $127.50 d. $212.50 6. What is the target selling price per pair of shoes? a. $177.50 b. $212.50 $142.50 d. $197.50 c. 7. What is the markup percentage? a. 150% b. 255% 850% d. 182% C

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