Sheffield Corp has gathered the following information concerning one model of shoe Variable manufacturing costs $50000 Variable selling and administrative costs $15000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1700000 ROI 30 Planned production and sales 5000 pairs What is the target selling price per pair of shoes $144 $158 $171 $115

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Sheffield Corp. has gathered the following information concerning one model of shoe: Variable manufacturing costs $50000 Variable selling and administrative costs $15000 Fixed manufacturing costs

Sheffield Corp. has gathered the following information concerning one model of shoe:

Variable manufacturing costs	$50000
Variable selling and administrative costs	$15000
Fixed manufacturing costs	$160000
Fixed selling and administrative costs	$120000
Investment	$1700000
ROI	30%
Planned production and sales	5000 pairs

What is the target selling price per pair of shoes?

$144

$158

$171

$115

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