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Hirohito Limited Partners would like to use target costing for a new product it is...

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Accounting

Hirohito Limited Partners would like to use target costing for a new product it is considering introducing. At a selling price of $35 per unit, management projects sales of 69,000 units. The new product would require an investment of $390,000. The desired return on investment is 16%. The desired profit according to the target costing calculations is: $2,437,500 $62,400 $2,415,000 $386,400

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