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    Exam 13: Short-Run Decision Making: Relevant Costing
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    Gibb,IncHas Just Designed a New Product with a Target Cost
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Gibb,IncHas Just Designed a New Product with a Target Cost

Question 76

Question 76

Multiple Choice

Gibb,Inc.has just designed a new product with a target cost of $54.Gibb requires new products to have a profit of 25%.What is the target price for the new product?


A) $13.50
B) $54.00
C) $64.00
D) $72.00

Correct Answer:

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