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Praeuner Company has surveyed the market and set a target selling price of $2,000 per unit for its product. Praeuner believes it can sell 100,000 units of this product over its two-year life. Praeuner requires a 20 percent return on selling price. Therefore its target cost per unit is $1,600. Praeuner has gathered the following budgeted cost data:
Unit cost
$ 1,200
Batch cost (batch size = 1,000)
15,000
Product-sustaining cost (annual)
480,000
Facility-sustaining cost (annual)
900,000
In addition to the previous costs, Praeuner will incur $5,000,000 in research and development costs before the product is manufactured.
Required:
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