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Toyota Motor Corporation uses target costing. Asume that Torota marketing personnel estimate that the competitipe taiing arice for the Camry in the upcomeng model year

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Toyota Motor Corporation uses target costing. Asume that Torota marketing personnel estimate that the competitipe taiing arice for the Camry in the upcomeng model year will need to be $27,000. Assume further that the Camry's total unit cost for the upcoming modet year is estimated to be 322,500 ind ifat fopoda requias a 20% profk margin on selling price (which is equivalent to a 25% markico on total cost). a. What price wit Toyota establish for the Camry for the upcomisg model year? b. Since the estimpted manufacturing cost its tetal couts to maintain crmpetture brichy within its profit objectives. Feetack * cheak uy won a. What dictates the price? b. Compare desired protit with estimate price

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