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Determine the target cost per unit that would earn desired

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Reference no: EM132520532

Stone Site Ltd. has developed a stone cookie sheet and plans to sell it for $52 per sheet. Prototypes of the stoneware are costing $24. Management believes Stone Site can reduce the cost substantially and it wants to earn a return of 28% of the selling price.

Question 1: Determine the target cost per unit that would earn their desired 28% return. (Round answer to 2 decimal places, e.g. 15.25.)

Question 2: If instead they want to earn a 38% return, what would the target cost be? (Round answer to 2 decimal places, e.g. 15.25.)

Reference no: EM132520532

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