Take me to the text Kawson Company has recently developed a new product. The product will be sold in the market next month. Based on market research, similar products are sold at $340 per unit. The company requires a profit of 37% of selling price. Assume the company uses the target pricing method. What is the target cost per unit? Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Target Cost: $ Check

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Kawson Company has recently developed a new product. The product will be sold in the market next month. Based on market research, similar
products are sold at $340 per unit. The company requires a profit of 37% of selling price. Assume the company uses the target pricing method.
What is the target cost per unit?
Do not enter dollar signs or commas in the input boxes.
Round your answer to 2 decimal places.
Target Cost: $
Check
Transcribed Image Text:Take me to the text Kawson Company has recently developed a new product. The product will be sold in the market next month. Based on market research, similar products are sold at $340 per unit. The company requires a profit of 37% of selling price. Assume the company uses the target pricing method. What is the target cost per unit? Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Target Cost: $ Check
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