Bryson Company has just developed a new product. The following data is available for this product: Desired ROI per unit $36 Fixed cost per unit 60 Variable cost per unit 90 Total cost per unit 150 Under Cost- Plus Pricing, the target selling price for this product is:

Bryson Company has just developed a new product. The following data is available for this product: Desired ROI per unit $36 Fixed cost per unit 60 Variable cost per unit 90 Total cost per unit 150 Under Cost- Plus Pricing, the target selling price for this product is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.

Question

Bryson Company has just developed a new product. The following data is available for this product:
Desired ROI per unit
$36
Fixed cost per unit
60
Variable cost per unit
90
Total cost per unit
150
Under Cost- Plus Pricing, the target selling price for this product is:

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