What is alway target selling price per bar

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Alway Candy Corporation is implementing a target costing approach for its latest new product, the "Big Glob" candy bar. The following information relates to the Big Glob:

Target cost per candy bar $0.60

Expected annual sales (in units) of candy bars 200,000

Required investment in additional assets $100,000

Desired return on investment 20%

Based on this information, what is Alway's target selling price per bar for the Big Glob?

Reference no: EM132794938

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