Origami Company is a price-taker and uses target pricing. Please refer to the following information: Production volume 500,000 Units per year Market price $24.00 Per unit Desired operating profit 12% Of total assets Total assets $12,500,000 How much is the target full cost in total for the year

$10,500,000

Step by Step Explanation:

Production volume 500,000 Units per year Market price $24.00 Per unit

Desired operating profit 12% Of total assets Total assets $12,500,000

Total Assets× Percentage of per unit Desired operating profit total assets

$12,500,000 × 12% = $1,500,000

Market price× production volume

$24 × 500,000 = $12,000,000

Therefore;

$12,000,000 - $1,500,000 = $10,500,000

The target full cost in total for the year is $10,500,000

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it