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What is the target selling price per pair of shoes

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Question - Custom Shoes Co. has gathered the following information concerning one model of shoe:

Variable manufacturing costs $40,000

Variable selling and administrative costs $20,000

Fixed manufacturing costs $160,000

Fixed selling and administrative costs $120,000

Investment $1,700,000

ROI 30%

Planned production and sales 5,000 pairs

Required - What is the target selling price per pair of shoes?

Reference no: EM133119309

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