Flyer Company sells a product in a competitive marketplace. Market analysis indicates that its product...
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Accounting
Flyer Company sells a product in a competitive marketplace. Market analysis indicates that its product would probably sell at $48 per unit. Flyer's management desires a 12.5% profit margin on sales. Its current full cost for the product is $44 per unit. In order to meet the new target cost, how much will it have to cut costs per unit, if any?
a.$1
b.$0
c.$2
d.$3
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