The McShera Corporation recently manufactured inventory and had the following costs:

Direct materials $8,600,

Administrative costs $4,300,

Marketing costs $2,800,

Direct labor $6,100 and

Overhead $10,700

when the company produced 25,000 units. If the company uses the target cost approach to pricing, wants to achieve a 20% profit and determined a market price of $1.50, did the company achieve its profit objective?

Yes

No

Cannot be determined