Bond CoIs Using the Target Cost Approach on a New Product

question 111

Multiple Choice

Bond Co.is using the target cost approach on a new product.Information gathered so far reveals: $\begin{array}{ll}\text { Expected annual sales } & 400,000 \text { units } \\\text { Desired profit per unit } & \$ 0.35 \\\text { Tarqet cost } & \$ 168,000\end{array}$ What is the target selling price per unit?

• A)$0.42
• B)$0.70
• C)$0.35
• D)$0.77

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Definitions:

New York Times v. United States

A landmark Supreme Court case in 1971 that made it possible for the New York Times and Washington Post newspapers to publish the then-classified Pentagon Papers without risk of government censorship or punishment.

Prior Publication

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Branzburg v. Hayes

A Supreme Court case that held reporters do not have a First Amendment privilege to refuse to provide evidence to grand juries.

Fighting Words

Phrases or expressions that by their utterance can inflict injury or incite an immediate breach of peace.