The Exchange Company is in the process of developing a new product called LS500. The...
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The Exchange Company is in the process of developing a new product called LS500. The company requires a 35% profit. LS500's current design carries with it a total cost of $125 Required: A. What is the sales price of LS500 using markup costing? Round your answer to the nearest cent. $ B. Assume that the Exchange Company's marketing department has determined that consumers are willing to pay $140 for LS500. What is the target cost for this product
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