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What is the target full product cost

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Question 1: Dugout Water Products sells 2000 kayaks per year at a price of $470 per unit. Dugout sells in a highly competitive market and uses target pricing. The company has $990,000 of assets, and the shareholders wish to make a profit of 18% on assets. Assume all products produced are sold. What is the target full product cost?

Option A $17,820,000

Option B $761,800

Option C $1,109,200

Option D $940,000

Reference no: EM132482244

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