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Calculate the firm current manufacturing cost

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Question - Collins Corporation uses target costing and sells a product for $50 per unit. The company seeks a profit margin equal to 40% of sales. If target-costing calculations revealed a need for a $5 cost reduction, the firm's current manufacturing cost must be:

A. $20.

B. $25.

C. $30.

D. $35.

E. some other amount.

Can you please show your work? Thanks!

Reference no: EM132063736

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