please complete each part and number 1

A B C D E H 1 E8-1 Compute Target Cost 2 Mesa Cheese Company has developed a new cheese slicer called Slim Slicer. The company plans to sell this slicer through its catalog, 3 which it issues monthly. Given market research, Mesa believes that it can charge $20 for the Slim Slicer. Prototypes of the Slim Slicer, 4 however, are costing $22. By using cheaper materials and gaining effciencies in mass production, Mesa beleves it can reduce Slim 5 Slicer's cost substantially. Mesa wishes to earn a return of 40% of the selling price. 7 Instructions 8 (a) Compute the target cost for the Slim Slicer. 9 (b) When is target costing particularly helpful in deciding whether to produce a given product? 10 NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a 13(a) Compute the target cost for the Slim Slicer. Value Market price Desired prot Target cost 17 v ExcelTemplateAssignment.Chos (1) - Excel Search AutoSave Got A File Home Insert Page Layout Formulas Data Review View Help DYMO Label C 113 X fi A B C D E F G H I J K however, are costing $22. By using cheaper materials and gaining efficiencies in mass produ 5 Slicer's cost substantially. Mesa wishes to earn a return of 40% of the selling price. 7 Instructions 8. (a) Compute the target cost for the Slim Slicer. 9 (b) When is target costing particularly helpful in deciding whether to produce a given product? 10 NOTE: Enter a number in cells requesting a value; enter either a number or a formula ii 11 13(a) Compute the target cost for the Slim Slicer. Value 16 Market price Desired profit Target cost 20 (b) When is target costing particularly helpful in deciding whether to produce a given product? Response: 32 1. Assume that the company wishes to eam a return of 50% of the selling price and believe that it can sell its product for $21. What is the revised target cost? (Round to 2 decimal points.) 33