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XXX Chemicals Company wants to launch a new product (L2) in the market. The product is still in final stages of design. The company
XXX Chemicals Company wants to launch a new product (L2) in the market. The product is still in final stages of design. The company expects 50% margin on selling price. The current market price of the similar product is $ 2000. The production cost of this product (L2) currently comes around $ 1300 per unit. Calculate the reduction required in cost to meet the target cost per unit
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
