Question: answer + show work: assume Leno uses target costing. What is the price that Leno which charge the retailer for the all bodies swimsuit? Selling

Leno Company makes swimsuits and sells these suits directly to retailers. Although Leno has a variety of suits, it does not make the AllBody suit used by highly skilled swimmers. The market research department believes that a strong market exists for this type of suit. The department indicates that the All-Body suit would sell for approximately $100. Given its experience, Leno believes the All-Body suit would have the following manufacturing costs. Assume that Leno uses cost-plus pricing, setting the selling price 20% above its costs. What would be the price charged for the AllBody swimsuit? Selling price \$
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