Target full-product cost per unit using target pricing

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Reference no: EM131286908

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1) Phoenix, Inc. manufactures widgets. The target sales price is $440 per unit. The company desires a 40% net profit margin on its products. What is the company's target full-product cost per unit using target pricing?

2) Webster, Inc. has received a bid for 14,000 units. The costing estimates show that the average cost per unit for this bid will be $500. The company uses cost-based pricing and adds 20% markup to total costs. What total price will Webster ask for the entire order?

Reference no: EM131286908

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