Management of Fabiano Corporation Is Considering a New Product,an Outdoor

question 24

Essay

Management of Fabiano Corporation is considering a new product,an outdoor speaker that would have a selling price of $43 per unit and projected sales of 20,000 units.Launching the new product would require an investment of $600,000.The desired return on investment is 14%.
Required:
Determine the target cost per unit for the outdoor speaker.

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Definitions:

Positive Emphasis

The strategy of focusing communication on positive elements to influence perception or behavior.

Insincere

Lacking honesty or genuineness; not expressing genuine feelings.

Benefit

A benefit or favorable result obtained from a product, service, or activity.

Requirement

A specified necessity or condition that must be fulfilled or complied with.