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QUESTION 21 Bond Co. is using the target cost approach on a new product. Information gathered so far reveals: Expected annual sales 400,000 units Desired profit per unit 0.35 Target cost 168.000 What is the target selling price per unit? 0.42 0.70 0.35 0.77 QUESTION 22 Well Water wants to produce and sell a new flavored water. In order to penetrate the market, the product will have to sell at 2.00 per 12 oz. bottle. The following data has been collected: Annual sales 50,000 bottles Projected selling and administrative costs 8,000 Desired profit 70,000 The target cost per bottle is O 0.44. 0.60 0.16. 0.40