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Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $1.80 per 12 oz. bottle. The following data has been collected: Annual sales 50,000 bottles Projected selling and administrative costs $8,000 Desired profit $70,000 The target cost per bottle is: Use the following format: x.xx

Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $1.80 per 12 oz. bottle. The following data has been collected: Annual sales 50,000 bottles Projected selling and administrative costs $8,000 Desired profit $70,000 The target cost per bottle is: Use the following format: x.xx

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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Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $1.80 per 12 oz. bottle. The following data has been collected: Annual sales 50,000 bottles Projected selling and administrative costs $8,000 Desired profit $70,000 The target cost per bottle is: Use the following format: x.xx 0.60
Transcribed Image Text:Well Water Inc. wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $1.80 per 12 oz. bottle. The following data has been collected: Annual sales 50,000 bottles Projected selling and administrative costs $8,000 Desired profit $70,000 The target cost per bottle is: Use the following format: x.xx 0.60
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