Multiple Choice
Hanisch Corporation would like to use target costing for a new product it is considering introducing. At a selling price of $22 per unit, management projects sales of 50,000 units. The new product would require an investment of $400,000. The desired return on investment is 14%. The target cost per unit is closest to:
A) $22.00
B) $23.80
C) $20.88
D) $25.08
Correct Answer:
Verified
Correct Answer:
Verified
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