With the information provided, please solve the required parts for A through C:

Part A Stone Company is considering introducing a new line of pagers, targeting the preteen population. Stone believes that if the pagers can be priced competitively at $45, approximately 300,000 units can be sold. The controller has determined that an investment in new equipment totaling $4,000,000 will be required. Stone requires a minimum rate of return of 16% on all investments. Required: Compute the target cost per unit of the pager Part B Joey's Recording Studio rents studio time to musicians in 2-hour blocks. Each session includes the use of the studio facilities, a digital recording of the performance, and a professional music producer/mixer. Anticipated annual volume is 1,000 sessions. The company has invested $2,000,000 in the studio and expects a return on investment (ROI) of 16.5%. Budgeted costs for the coming year are as follows. Per Session $60 $400 S50 Direct materials (tapes, CDs, etc) Direct labor Variable overhead Fixed overhead Variable selling and administrative expenses Fixed selling and administrative expenses $850,000 $40 $800,000 Required: (a) Determine the total cost per session. (b) Determine the desired ROI per session. (c) Calculate the mark-up percentage on the total cost per session (d) Calculate the target price per session. Part C Silver Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 2016: Time 500,000 112,000 Material Charges Charges Technicians' wages and benefits Parts manager's salary and benefits Office manager's salary and benefits Other overhead Total budgeted costs 72,000 18,000 5.000 Silver Spoon has budgeted for 10,000 hours of technician time during the coming year. It desires a $54 profit margin per hour of labor and a 40% profit margin on parts. Silver Spoon estimates the total invoice cost of parts and materials in 2016 will be $500,000