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What is the target cost to produce the new utensil

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Question - Target Costing

Utah Utensil has developed a new kitchen utensil. The firm has conducted significant market research and estimated the following pattern for sales of the new product:

Year Expected Volume Expected Price per Unit

1              48,000 units        $19

2              48,000 units        $20

3              90,000 units        $16

4              40,000 units        $12

If the firm desires to net $3.50 per unit in profit over the life of the product, and selling and administrative expenses are expected to average $50,000 per year, what is the target cost to produce the new utensil?

Reference no: EM131776640

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