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Wildhorse Company is in the process of setting a selling price for its newest model stunt kite, the Looper. The controller of Wildhorse estimates unit
Wildhorse Company is in the process of setting a selling price for its newest model stunt kite, the Looper. The controller of Wildhorse estimates unit variable cost for the model to be as follows: In addition, Wildhorse anticipates incurring the following unit fixed cost at a budgeted sales volume of 20,000 units: Wildhorse uses cost-plus pricing and would like to earn a 10-percent ROI of $520,000. Compute the target selling price that would provide Wildhorse a 10-percent ROI. (Round answer to 2 decimal places, e.g. 52.72.)
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