Waterway Industries has gathered the following information concerning one model of shoe: Variable manufacturing costs $35000 Variable selling and administrative costs $15000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1700000 ROI 30% Planned production and sales 6000 pairs What is the target selling price per pair of shoes? $140 $118 $132 $93

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Waterway Industries has gathered the following information concerning one model of shoe:

Variable manufacturing costs $35000
Variable selling and administrative costs $15000
Fixed manufacturing costs $160000
Fixed selling and administrative costs $120000
Investment $1700000
ROI 30%
Planned production and sales 6000 pairs


What is the target selling price per pair of shoes?

$140
$118
$132
$93
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