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Swifty Corporation has gathered the following information concerning one model of shoe: Variable manufacturing costs $40000 Variable selling and administrative costs $15000 Fixed manufacturing costs
Swifty Corporation has gathered the following information concerning one model of shoe:
| Variable manufacturing costs | $40000 |
| 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?
|
| $142 |
|
| $113 |
|
| $169 |
|
| $158 |
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