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toyota motor corporation uses target costing. assume that toyota marketing personnel estimate that the competitive...

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Accounting

toyota motor corporation uses target costing. assume that toyota marketing personnel estimate that the competitive selling price for the camry in the upcoming model year will need to be 28,000. assume further that the cemrys total unit cost for the upcoming model year is estimated to be 23,200 and that toyota requires a 20% profit margin on selling price

a. what price will toyota establish for the camry for the upcoming model year?

b. what impact will target costing have on toyota given the assumed information?

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