Required information Exercise 19.12 Target Costing at Pizza Pies Limited (LO 19.4, 19-5) The following information applies to the questions displayed below.) Pizza Pies Limited has the following value chain for its pizzas, Boxes are designed by Shala Designers Inc. and printed and delivered by Rodoes Printing Co. for $0.95 per box. The pizzas are made in the stores with fresh ingredients and baked in the ovens for a total cost of $3.80, including labor, ingredients, and overhead. The pizza delivery costs $1.35. Pizza Pies needs to reduce the price of its pizza to $6.50 to meet local demand. However, it desires a 10 percent markup for profit. Exercise 19.12 Part a-1 6-1. What is the target cost? (Round your answer to 2 decimal places.) Target cost