Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. allen's ark sells 2100 canoes per year at a sales

Allen's Ark sells 2100 canoes per year at a sales price of $470 per unit....

80.2K

Verified Solution

Question

Accounting

Allen's Ark sells 2100 canoes per year at a sales price of $470 per unit. Allen's sells in a highly competitive market and uses target pricing. The company has calculated its target full product cost at $750,000 per year. Total variable costs are $250,000 per year and cannot be reduced. Assume all products produced are sold. What are the target fixed costs?

A) $987,000

B) $237,000

C) $250,000

D) $500,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

may venerson County P t Presentation pp Animal populations are not capable of unrestricted growth...

Basic Math
Q

The company I chose is Amazon. Then, select 1 of the contemporary management techniques listed in...

Accounting
Q

You have been contacted by the World Health Organization. Because you are a renowned microbiologist, they...

Biology
Q

which of the following is the template for transcription? The molecule that carries anticodons The molecule that...

Medical Sciences
Q

7. Ball X of mass 1.0 kg and ball Y of mass 0.5kg travel toward each...

Physics
Q

Please answer all questions Differentiate between the following: a. stocks and bonds b. international equity markets and euro...

General Management
Q

In the Miller Dunes system marram grass is known as the great stabilizer because OA...

Biology
Q

Term Thermody First Law of Thermody Heat

Biology
Q

Homework 4 4 Score 0 8 0 8 answered Question 6 At a university 18...

Statistics
Q

Thomson Trucking has $13 million in assets, and its tax rate is 35%. Rs basic...

Accounting
Q

Iris Company has provided the following information regarding two of its items of inventory at...

Accounting
Q

49. A factory machine was purchased for $90,000 on January 1,2011. It was estimated that...

Accounting