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Custom Shoes Co. has gathered the following information concerning one model of shoe: ...

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Accounting

Custom Shoes Co. has gathered the following information concerning one model of shoe:

Variable manufacturing costs $40,000

Variable selling and administrative costs $20,000

Fixed manufacturing costs $160,000

Fixed selling and administrative costs $120,000

Investment $1,200,000

ROI 20%

Planned production and sales 5,000 pairs

What is the target selling price per pair of shoes?

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