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EMVP Company has the following information for one model of its metal bats: Variable manufacturing costs: $40,000 Variable selling and administrative costs: $20,000 Fixed manufacturing costs: $160,000 Fixed selling and administrative costs: $120,000 Investment: $1,700,000 ROI: 30% Planned production and sales: 5,000 pairs
What is the target selling price per pair of bats? (Hint: 30% return on its investment of $1,700,000 is $510,000. If we divide this amount by 5,000 units, we arrive at the desired ROI per unit or $102, so the markup percentage on cost is 150%.) - $142 - $170 - $114 - $158
Sagot :
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