Your small toy Fixed costs $39,000 Material cost per toy $0.888 Electricity cost per toy $0.044 Labor cost per toy $0.207 manufacturing facility has the following information: Management demands that we have $9,000 in profit if we sell 45,000 toys. What must the selling price be to achieve this? (Enter three decimal places)

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Your small toy manufacturing facility has the following information:
Fixed costs
$39,000
Material cost per toy $0.888
Electricity cost per toy $0.044
Labor cost per toy
$0.207
Management demands that we have $9,000 in profit if we sell 45,000 toys.
What must the selling price be to achieve this? (Enter three decimal places)
Transcribed Image Text:Your small toy manufacturing facility has the following information: Fixed costs $39,000 Material cost per toy $0.888 Electricity cost per toy $0.044 Labor cost per toy $0.207 Management demands that we have $9,000 in profit if we sell 45,000 toys. What must the selling price be to achieve this? (Enter three decimal places)
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