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XYZ is using the target cost approach on a new product. Information gathered so far reveals: Expected annual sales 1,000,000 units Desired profit $350,000 Market

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

Expected annual sales

1,000,000 units

Desired profit

$350,000

Market Price

$.77

What is the target cost per unit?

Select one:

a.

.35

b.

.70

c.

.77

d.

.42

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