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Waterway Industries is using the target cost approach on a new product. Information gathered so far reveals: Expected annual sales 500000 units Desired profit per

Waterway Industries is using the target cost approach on a new product. Information gathered so far reveals:

Expected annual sales 500000 units
Desired profit per unit $0.35
Target cost $150000

What is the target selling price per unit?

$0.30

$0.70

$0.35

$0.65

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