Larry Cable Inc. plans to introduce a new product and is using the target cost approach. Projected sales revenue is $810,000 ($4.05 per unit) and target costs are $730,000. What is the desired profit per unit?
a) $0.40
b) $2.03
c) $3.65
d) None of the above
Answer: a) $0.40
Business
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A) Its actual performance is not completed within one year. B) According to its terms, it cannot be performed within one year. C) It would take no one more than a year to perform. D) No one could perform the duties within one year. E) In the past, no one has performed a similar contract within one year.
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When considering the plan-do-study-act cycle for problem solving, evaluating how closely a project's results correspond to the initial goals set for the work is part of the ________ step
A) plan B) do C) study D) act
Business