Question: Future Adhesives Inc. uses the variable-cost approach to determine target selling prices. A special adhesive used in the aerospace industry has the following per unit

Future Adhesives Inc. uses the variable-cost approach to determine target selling prices. A special adhesive used in the aerospace industry has the following per unit data: desired ROI $30; fixed manufacturing overhead $25; and fixed selling & administrative costs $35 .The markup percentage is 150%.
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Compute the target selling price.

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