Question: Wright Brothers Ltd. using target costing because they are in a competitive market where the selling price is set at $350 per unit. The

Wright Brothers Ltd. using target costing because they are in a competitive

Wright Brothers Ltd. using target costing because they are in a competitive market where the selling price is set at $350 per unit. The company would like to earn a return of 30% of the selling price. Required (keep all final answers to 2 decimal places) a. Calculate the target cost per unit for the company. b. Calculate the total costs the company should set as a target if they plan to sell 5,000 units per year. Calculate the company's gross profit if they can sell 5,000 units at $350 per unit and achieve their target costs, realizing a return of 30% of the selling price. C.

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