Question
Rica company is a price taker and uses a target pricing approach. Refer to the following information: Production Volume: 602,000 units per year Market price
Rica company is a price taker and uses a target pricing approach. Refer to the following information:
Production Volume: 602,000 units per year
Market price $34 dollars per unit
Desired operating income: 17% of total assets
total assets $13,900,000
What is the target full product cost in total for the year? Assume all units produced are sold. Please show work.
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Cost Accounting Principles And Applications
Authors: Horace Brock, Linda Herrington, La Vonda Ramey
7th Edition
0071115609, 978-0071115605
