Question: Google wants to develop a laptop to compete with Apple's MacBook Pro. Google believes the price of this model must be no more than Apple's

Google wants to develop a laptop to compete with Apple's MacBook

Google wants to develop a laptop to compete with Apple's MacBook Pro. Google believes the price of this model must be no more than Apple's price of $1,199 per unit to be competitive. Google expects to sell 20,000 units of this laptop model and has a target markup percentage of 25%. Assumed data for Google follow. Google uses the total cost method in setting its laptop price. Required: 1. Compute Google's total cost per unit if 20,000 units are produced. 2. Determine Google's dollar markup per unit. 3. Determine Google's selling price per unit

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