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What is the target selling price per unit

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Question - Crane Company is using the target cost approach on a new product. Information gathered so far reveals:

Expected annual sales 500000 units

Desired profit per unit $0.35

Target cost $160,000

Required - What is the target selling price per unit?

a. $0.48 each

b. $0.76 each

c. $0.50 each

d. $0.67 each

Reference no: EM132721675

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