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a-Take me to the text

Spy Problems is considering using the target costing method to determine a selling price for one of its new products. An analysis of similar products on the market suggests a price of $190 each. If the company requires a profit of $95 per unit, what target cost should be set for the new product?

Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Target Cost:?

b-Take me to the text

At the JIHL Company, a new truck part is being designed by the engineering team. Both the accounting and marketing departments are asked to evaluate the product and use the target pricing method to determine the target cost of the new product. Currently, the company's competitors are selling a similar truck part for $190 per unit. JIHL Company requires a profit of 42% of the selling price.

Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Target Cost per unit:?