Question 28

Stone Site Ltd. has developed a stone cookie sheet and plans to sell it for $52per sheet. Prototypes of the stoneware are costing $24. Management believes Stone Site can reduce the cost substantially and it wants to earn a return of28% of the selling price.

Determine the target cost per unit that would earn their desired28% return.(Round answer to 2 decimal places, e.g. 15.25.)

Target cost per unit$

If instead they want to earn a38% return, what would the target cost be?(Round answer to 2 decimal places, e.g. 15.25.)