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Fastensome is an industrial corporation which produces custom fasteners used in highly specialized manufacturing applications across the world. For a newly developed fastener intended for use in the aerospace industry, Fastensome is wants to analyze its pricing and manufacturing processes to find the right balance. The initial anticipated price is $4.80 per fastener. With current manufacturing processes and expected volume, Fastensome incurs the following manufacturing costs: Direct Materials Direct Labor Manufacturing Overhead Total Costs $ 1.20 $0.90 $2.00 $4.10 Enter all answers rounded to two decimal places with no dollar sign. If your answer is a whole number, enter.00 after that whole number, and be sure not to round any amounts to tenths. For example, if your answer is $28, you would enter 28.00. As another example, if your answer is $21.123545456, enter 21.12. Finally, if your answer is $21.1, enter 21.10. Assume that Fastensome uses target costing. What is the price that Fastensome would charge for its fasteners? Continuing with the assumption of target costing, what is the highest acceptable manufacturing costs Fastensome would accept it it hopes to make $1.20 profit of each fastener it sells? Instead assume that Fastensome uses cost-plus pricing. What is the price Fastensome would charge for its new fasterners if it sets the selling price 40% above its costs

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