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Determine what are the target fixed costs

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Reference no: EM132482223

Question 1: Launch Company sells 2500 paddleboards per year at a sales price of $470 per unit. Launch sells in a highly competitive market and uses target pricing. The company has $800,000 of assets, and the shareholders wish to make a profit of 16% on assets. Variable cost is $190 per unit and cannot be reduced. Assume all products produced are sold. What are the target fixed costs?

Option A. $1,175,000

Option B. $1,047,000

Option C. $128,000

Option D. $572,000

Reference no: EM132482223

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