Requirement 1. Do you think that it's a good idea for ProDry to use the cost-plus approach to price the hair dryer? Begin by determining the price that ProDry would price the hair dryer at using the cost-plus approach. If ProDry used a cost-plus approach, it would cost the hair dryer at Data table Direct material/unit $ 50 Direct labor/unit $ 30 Variable overhead $ 30 Fixed costs (annually) $ 206,250 Estimated production for year one 3,750 Requirements Do you think that it's a good idea for ProDry to use the cost-plus approach to price the hair dryer? What strategies could ProDry's management use to make

ProDry is entering the professional hair dryer market. Research shows that their customers wish to pay $310 or less for each dryer. The estimated cost per unit for each dryer is $165 and target operating income per unit is $165. The management of ProDry is considering use of the cost-plus approach rather than the target-cost approach. Cost accountants at the manufacturer have collected the following information: (Click the icon to view the categories.) Read the Requirement 1. Do you think that it's a good idea for ProDry to use the cost-plus approach to price the hair dryer? Begin by determining the price that ProDry would price the hair dryer at using the cost-plus approach. If ProDry used a cost-plus approach, it would cost the hair dryer at Data table Requirements 1. Do you think that it's a good idea for ProDry to use the cost-plus approach to price the hair dryer? 2. What strategies could ProDry's management use to make a profit if the company insisted on using the cost-plus approach to price the hair dryer