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Toledo enterprises produces a product with fixed costs of

Problem

What are the steps to work this problem? Any help would be appreciated.

Toledo Enterprises produces a product with fixed costs of $160,000 and variable cost of $7.50 per unit. The company desires to earn a $80,000 profit and believes it can sell 20,000 units of the product.

Required:

a. Based on this information, determine the target sales price.

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Accounting Basics: Toledo enterprises produces a product with fixed costs of

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