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What is the target selling price per pair of shoes

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Question - Waterway Industries has gathered the following information concerning one model of shoe:

Variable manufacturing costs $50000

Variable selling and administrative costs $20000

Fixed manufacturing costs $160000

Fixed selling and administrative costs $120000

Investment $1700000

ROI 30% Planned production and sales 5000 pairs

What is the target selling price per pair of shoes?

$116

$172

$144

$158

Reference no: EM131725119

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