Hanisch Corporation would like to use target costing for a new product it is considering introducing. At a selling price of $29 per unit, management projects sales of 40,000 units. The new product would require an investment of $400,000. The desired return on investment is 16%. The target cost per unit is closest to: (Do not round intermediate calculations.)
A) $36.25
B) $27.40
C) $2.90
D) $29.00
Correct Answer:
Verified
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