Fanta Products sells 2,000 kayaks per year at $450 per unit. Fanta sells in a...
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Fanta Products sells 2,000 kayaks per year at $450 per unit. Fanta sells in a highly competitive marketand uses target pricing. The company has $1,000.000 of assets, and stockholders want to make a profit of 18%on assets. Fixed costs are $500,000 per year and cannot be reduced. How much is the target variable costs? A. $410,000 B. $320,000 C. 180,000 D.250,000
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