Hello All,

I previously posed this question and received a response that the answer was $5.80 which is marked incorrect. After carefully doing the calculations once again, this is what I have come up with:

QUESTION 2 Incorrect Mark 0.00 out of 3.00PFlag question Product Pricing: Single Product Sue Bee Honey is one of the largest processors of its product for the retail market. Assume that one of its plants has annual fixed costs totaling $9,600,000, of which 3,600,000 is for administrative and selling efforts. Sales are anticipated to be 800,000 cases a year. Variable costs for processing are $24 per case, and variable selling expenses are 25 percent of selling price. There are no variable administrative expenses If the company desires a profit of $6,000,000, what is the selling price per case? Round answer to two decimal places. 4.8x price per case Check