Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 02 Aug 2017 My Price 4.00

Utah Utensil

Target Costing

 

 

Utah Utensil has developed a new kitchen utensil. The firm has conducted significant market research and estimated the following pattern for sales of the new product:

 

 

 

 

 

Year

 

 

Expected Volume (units)

 

 

Expected Price per unit

 

 

1

 

 

48,000

 

 

19

 

 

2

 

 

48,000

 

 

20

 

 

3

 

 

90,000

 

 

16

 

 

4

 

 

40,000

 

 

12

 

 

 

 

 

 

 

 

If the firm desires to net $3.50 per unit in profit over the life of the product, and selling and administrative expenses are expected to average $50,000 per year, what is the target cost to produce the new utensil?

Answers

Maurice Tutor
(5)
Status NEW Posted 02 Aug 2017 11:08 AM My Price 4.00

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