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Variable manufacturing costs $38000 Variable selling and administrative costs $19000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1400000 ROI 30 % Planned production and sales 5000 pairs What is the target selling price per pair of boots? $151.40 $95.40 O $140.00 O $123.60

Variable manufacturing costs $38000 Variable selling and administrative costs $19000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1400000 ROI 30 % Planned production and sales 5000 pairs What is the target selling price per pair of boots? $151.40 $95.40 O $140.00 O $123.60

FINANCIAL ACCOUNTING
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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Waterway Industries has gathered the following information for one model of its hiking boots: Variable manufacturing costs $38000 Variable selling and administrative costs $19000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1400000 ROI 30 % Planned production and sales 5000 pairs What is the target selling price per pair of boots? $151.40 O $95.40 O $140.00 O $123.60
Transcribed Image Text:Waterway Industries has gathered the following information for one model of its hiking boots: Variable manufacturing costs $38000 Variable selling and administrative costs $19000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1400000 ROI 30 % Planned production and sales 5000 pairs What is the target selling price per pair of boots? $151.40 O $95.40 O $140.00 O $123.60
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