Business, 24.04.2020 16:07, Uhmjujiooo4220

Custom Shoes Co. has gathered the following information concerning one model of the shoe:

Variable manufacturing costs $40,000
Variable selling and administrative costs $20,000
Fixed manufacturing costs $160,000
Fixed selling and administrative costs $120,000
Investment $1,700,000
ROI 30%
Planned production and sales 5,000 pairs

What is the target selling price per pair of shoes?

a. $142

b. $170

c. $114

d. $158

Answers: 3

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Custom Shoes Co. has gathered the following information concerning one model of the shoe: