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Sheridan Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $30000 Variable selling and administrative costs $12000 Fixed manufacturing costs

Sheridan Company has gathered the following information concerning one model of shoe: Variable manufacturing costs $30000 Variable selling and administrative costs $12000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1700000 ROI 30% Planned production and sales 4000 pairs What is the target selling price per pair of shoes? $198 $208 $138 $175

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