Question

Refer to Short Exercise SI9-8. Elm Corp. desires a 25% target gross profit after covering all product costs. Considering the total product costs assigned to the Products C and D in Short Exercise SI9-8, what would Elm have to charge the customer to achieve that gross profit? Round to two decimal places.
In short Exercise 9-8
Elm Corp. makes two products: C and D. The following data have been summarized:
Indirect manufacturing cost information includes the following:


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  • CreatedJune 15, 2015
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