Target costing

QUESTION 4 0.00 points out of 1.00 pFlag question Incorrect Target Costing Portland Equipment Company wants to develop a new log-splitting machine for rural homeowners. Market research has determined that the company could sell 6,000 log- splitting machines per year at a retail price of $850 each. An independent catalog company would handle sales for an annual fee of $6,000 plus $59 per unit sold. The cost of the raw materials required to produce the log-splitting machines amounts to $95 per unit. If company management desires a return equal to 10 percent of the final selling price, what is the target conversion and administrative cost per unit? Round answer to the nearest cent. $ 50.33 Check You have correctly selected 0 Incorrect Marks for this submission: 0.00/1.00