Question
Thornton Enterprises produces a product with fixed costs of $18,100 and variable cost of $4.10 per unit. The company desires to earn a $27,000 profit
Thornton Enterprises produces a product with fixed costs of $18,100 and variable cost of $4.10 per unit. The company desires to earn a $27,000 profit and believes it can sell 11,000 units of the product.
Required
a. Based on this information, determine the target sales price. (Round your answer to 2 decimal places.)
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Auditing And Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
9th International Edition
1266285997, 978-1266285998
