Question: Stone Site Ltd. has developed a stone cookie sheet and plans to sell it for $65 per sheet. Prototypes of the stoneware are costing $50.

 Stone Site Ltd. has developed a stone cookie sheet and plans

Stone Site Ltd. has developed a stone cookie sheet and plans to sell it for $65 per sheet. Prototypes of the stoneware are costing $50. Management believes Stone Site can reduce the cost substantially and it wants to earn a return of 30% of the selling price. Determine the target cost per unit that would earn their desired 30% return. (Round answer to 2 decimal places, e.g. 15.25.) Target cost per unit If instead they want to earn a 38% return, what would the target cost be? (Round answer to 2 decimal places, e.g. 15.25.) Target costs

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