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Question 28 Stone Site Ltd. has developed a stone cookie sheet and plans to sell it for $66 per sheet. Prototypes of the stoneware are
Question 28 Stone Site Ltd. has developed a stone cookie sheet and plans to sell it for $66 per sheet. Prototypes of the stoneware are costing $52. Management believes Stone Site can reduce the cost substantially and it wants to earn a return of 25% of the selling price. Determine the target cost per unit that would earn their desired 25% return. (Round answer to 2 decimal places, e.g. 15.25.) Target cost per unit If instead they want to earn a 40% return, what would the target cost be? (Round answer to 2 decimal places, e.g. 15.25.) Target costs
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