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SL Stewart Industries makes tennis balls. Its only plant can produce as many as 1,600,000 cans of tennis balls per year. Current production is 1,100,000
SL Stewart Industries makes tennis balls. Its only plant can produce as many as 1,600,000 cans of tennis balls per year. Current production is 1,100,000 cans. Annual manufacturing, selling, and administrative fixed costs total $1,237,000. The variable cost of making and selling each can of tennis balls is $0.80. Stockholders expect a 15% annual return on the company's $1,800,000 of assets. Read the requirements Requirement 1. What is SL Stewart's current full product cost of making and selling 1,100,000 cans of tennis balls? What is the current full unit product cost of each can of tennis balls? (Round the per unit cost to the nearest cent.) Plus: Total full product costs Divided by the Full product cost per can
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