What is the target cost to produce the new utensil, Accounting Basics

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What is the target cost to produce the new utensil

Taurus Tools has developed a new kitchenutensil. The firm has conducted significant market research and estimated the following pattern for sales of the new product:

Year ExpectedVolume Expected Price perUnit

1 38,000units $19

2 48,000units 18

3 90,000units 16

4 40, 000units 12

If the firm desires to net $4.50 per unit in profit over thelife of the product, what is the target cost to produce the new utensil?

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Accounting Basics: What is the target cost to produce the new utensil

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