Murray Products sells 2,100 kayaks per year at a price of $470 per unit. Murray sells in a highly competitive market and uses target pricing. The company has $990,000 of assets and the shareholders wish to make a profit of 16% on assets. Fixed costs are $500,000 per year and cannot be reduced. Assume all products produced are sold. What are the target variable costs
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Murray Products sells 2,100 kayaks per year at a price of $470 per unit. Murray sells in a highly co...
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