Multiple Choice
Answer the following questions using the information below:
Potter Products has produced an electric coffee pot to complement its range of kitchen products.The new coffee pot can be sold at a target price of $46,and annual target sales volume for the coffee pot is 250 000.Potter has target operating profit of 20% of sales.
-What is the target cost for each coffee pot?
A) $42.15
B) $36.80
C) $35.50
D) $46.00
Correct Answer:
Verified
Correct Answer:
Verified
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