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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
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