Rica Company Is a Price-Taker and Uses Target Pricing -How Much Is the Target Full Product Cost Per Unit

question 134

Multiple Choice

Rica Company is a price-taker and uses target pricing. Refer to the following information: $\begin{array}{|l|r|r|}\hline\text { Production volume } & 600,000& \text { units per year } \\\hline \text { Market price } & \$ 30 &\text { per unit }\\\hline \text { Desired operating income } & 15 \% &\text { of total assets } \\\hline \text { Total assets } & \$ 13,900,000\\\hline\end{array}$
-How much is the target full product cost per unit? (Round your answer to nearest cent.) Assume all units produced are sold.

• A) $30
• B) $26.53
• C) $23.17
• D) $19.33

Determine eligibility criteria for filing Form 1040EZ.

Calculate basic tax liability and understand the factors affecting it.

Understand the procedural aspects of tax law and administrative bodies involved.

Differentiate between types of tax authorities and their applicability.

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