Multiple Choice
Bouchard Company manufactures a product that currently has a full cost of $700. Its target operating income per unit is $80 and management's budgets assume that same target operating income per unit for the foreseeable future. To stay competitive, Bouchard management believes it must cut its price by 25%. What will be its new target cost?
A) $700
B) $505.00
C) $585.00
D) $80
Correct Answer:
Verified
Correct Answer:
Verified
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