Phil Swift is trying to figure out how much to charge for a can of Flex Seal, a product he has invested $1,000,000 to create. He anticipates selling 100,000 cans, and wants a 15% return on his investment. Variable costs are $7 per can, while fixed costs total $300,000. What is Phil Swift's target selling price if he is using cost-plus pricing

Answer rating: 100% (QA)

To calculate Phil Swifts target selling price using costplus pricing well use the following fo... View the full answer