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QUESTION
Light Bright believes it can sell 40,000 of its newly developed laser lights at a price of $24.00 each. There will be $600,000 in fixed costs...
Light Bright believes it can sell 40,000 of its newly developed laser lights at a price of $24.00 each. There will be $600,000 in fixed costs associated with the laser light. If the company desires to make a profit of $100,000 on the laser light, what is the target variable cost for each laser light?
