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Business, 11.12.2019 02:31 wmaingrette1

Toyota motor corporation uses target costing. assume that toyota marketing personnel estimate that the competitive selling price for the camry in the upcoming model year will need to be $27,000. assume further that the camry's total unit cost for the upcoming model year is estimated to be $22,500 and that toyota requires a 20% profit margin on selling price (which is equivalent to a 25% markup on total cost). a. what price will toyota establish for the camry for the upcoming model year? $ b. since the estimated manufacturing cost the target cost, toyota its total costs to maintain competitive pricing within its profit objectives.

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