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Crane Company wants to produce and sell a new flavored water. In order to penetrate...

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Accounting

Crane Company wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at $2 per 12 oz. bottle. The following data has been collected:

Annual sales 48000 bottles
Projected selling and administrative costs $8000
Desired profit $60000

The target cost per bottle is

$0.17.

$0.58.

$0.25.

$0.75.

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