Multiple Choice
Bouchard Company manufactures a product that currently has a full cost of $700. Its target operating income per unit is $50 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 15%. What will be its new target price?
A) $700
B) $587.50
C) $637.50
D) $50
Correct Answer:
Verified
Correct Answer:
Verified
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