Sheridan Company makes swimsuits and sells these suits directly to retailers. Although Sheridan has a variety of suits, it does not make the AirBody Suit uses uy m uy skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the All-Body suit would sell for approximately $100. Given its experience, Sheridan believes the All Body suit would have the following manufacturing costs Direct materials Direct labor Manufacturing overhead Total costs $100 Assume that Sheridan uses cost-plus pricing, setting the selling price 21% above its costs. What would be the price charged for the All-Body swimsuit? Selling prices LINK TO TEXT LINK TO TEXT VIDEO, SIMILAR EXERCISE Assume that Sheridan uses target costing. What is the price that Sheridan would change the retailer for the All Body swimsuit? Selling prices LINK TO TEXT LINK TO TEKT VIDEO SIMILAR EXERCISE What is the highest acceptable manufacturing cost Sheridan would be willing to incur to produce the All-Body swimsuit, if it desired a profit of $22 per unit? (Assume target costing.) Target costs