Question: 6.1. Using the information provided below, answer the following questions. INFORMATION Modern Dew Enterprises (MDE) has produced the following information for a product it is

6.1. Using the information provided below, answer the following questions. INFORMATION

6.1. Using the information provided below, answer the following questions. INFORMATION Modern Dew Enterprises (MDE) has produced the following information for a product it is about to launch: Required: 6.1.1. Specify a probable reason why the variable production cost per unit of the product is projected to (3 marks) reduce annually over the three-year life cycle of the product? 6.1.2. Determine the life-cycle cost per unit (show all calculations and round off answer to two decimal (6 marks) places). 6.1.3. Based on recent market research, the management accountant at MDE has determined that the optimal profit margin on the sale of the product is exactly 46.31%. Determine the selling price of a unit of the (3 marks) product

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