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What is the highest cost management would accept

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Reference no: EM132720023

Problem 1: Globiane, Inc. has designed a new product that could be sold for $600. If management requires a profit of 30% of the selling price, what is the highest cost (target cost) management would accept to make this product?

A $420
B $180
C $857
D $2,000

Reference no: EM132720023

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