Target costing portland equipment company wants to develop a new log-splitting machine for rural homeowners. market research has determined that the company could sell 6,000 log-splitting machines per year at a retail price of $850 each. an independent catalog company would handle sales for an annual fee of $6,000 plus $59 per unit sold. the cost of the raw materials required to produce the log-splitting machines amounts to $95 per unit. if company management desires a return equal to 10 percent of the final selling price, what is the target conversion and administrative cost per unit? round answer to the nearest cent.

Which economic system could be characterized by the "iron fist", meaning a central authority figure has control over most of the economy? market economy command economy traditional economy free enterprise economy

Suppose that hubert, an economist from an am talk radio program, and kate, an economist from a nonprofit organization on the west coast, are arguing over government bailouts. the following dialogue shows an excerpt from their debate: kate: to recent financial crises, the concept of bailouts is a hot topic for debate among everyone these days. hubert: indeed, it’s gotten crazy! a government bailout of severely distressed financial firms is unnecessary because free markets will properly price assets. kate: i don’t know about that. without a bailout of severely distressed financial firms, the economy will experience a deep recession. the disagreement between these economists is most likely due todifferences in scientific judgments . despite their differences, with which proposition are two economists chosen at random most likely to agree? business managers can raise profit more easily by reducing costs than by raising revenue. central banks should focus more on maintaining low unemployment than on maintaining low inflation. employers should not be restricted from outsourcing work to foreign nations

Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows: