Question: time sensitive - 2 hours left. Exercise 13A-4 (Algo) Target Costing (LO13-11) Shimada Products Corporation of Japan plans to introduce a new electronic component to

time sensitive - 2 hours left. Exercise 13A-4 (Algo) Target Costing

time sensitive - 2 hours left.

Exercise 13A-4 (Algo) Target Costing (LO13-11) Shimada Products Corporation of Japan plans to introduce a new electronic component to the market at a target selling price of $15 per unit. The company is Investing $13,000,000 to purchase the equipment it needs to produce and sell 312,000 units per year. Its required rate of return on all investments is 12%. Required: Compute the component's target cost per unit. (Round your answer to 2 decimal places.) Target cost per unit

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