Compute the target cost for the slim slicer

Reference no: EM133611029

Question: Monty Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer though its online website. Given market research, Monty believes that it can charge $30 for the Slim Slicer. Prototypes of the Slim Sliver, however, are costing $31. By using cheaper materials and gaining efficiencies in mass production, Monty believes it can reduce Slim Slicer's cost substantially. Monty wishes to earn a return of 30% of the selling price. (a) Compute the target cost for the slim slicer.

Reference no: EM133611029

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