Multiple Choice
The management of Giammarino Corporation is considering introducing a new product--a compact barbecue. At a selling price of $78 per unit, management projects sales of 10,000 units. Launching the barbecue as a new product would require an investment of $100,000. The desired return on investment is 11%. The target cost per barbecue is closest to:
A) $86.58
B) $78.00
C) $76.90
D) $85.36
Correct Answer:
Verified
Correct Answer:
Verified
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