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Bill's Burgers is launching a new line of gourmet hamburgers. The desired selling price is...

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Accounting

Bill's Burgers is launching a new line of gourmet hamburgers. The desired selling price is $2.13 per burger. Bill is hoping to make $0.54 on every burger he sells. If Bill is using a target pricing model, what are his target costs for each burger? Calculate your answer to two decimal places.

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