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Question

gnmentMain.do?invoker assignments& ocator-assignment-take&tinprogress; false eBook Video Calcuator Calculating a Target Cost Yuhu manufactures cell phones and is developing a new model with a feature (aptly named Don't Drink and Dial) that prevents the phone from dialing an owner-defined list of phone numbers between the hours of midnight and 6:00 a.m. The new phone model has a target price of $350. Management requires a 10% profit on new product revenue. Required: If required, round to the nearest dollar. 1. Calculate the amount of desired proft. 2. Calculate the target cost. ksey work 8

Explanation / Answer

Amount of Desired Profit:

In the given question Yuhu manufactures cell phones and is developing a new modelwith a feature that prevents from dailing an owner defined list of phone numbers.

Current Target Price       : $350

Amount of Desired Profit is 10% profit on New Product Revenues

Desired Profit = Current Target Price *10% = $350*10% = $35

2. Calculation of Target Cost:

Target Cost = Selling Price – Profit

                      = $350 - $35

                      = $315

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