A- 1 Sports Vehicles Manufacturing Produces a Specialty Racing Bicycle

A- 1 Sports Vehicles Manufacturing produces a specialty racing bicycle. There is stiff foreign competition, and the company is forced to pursue target pricing. The competitive market price of the bicycle is $2 000. Currently the manufacturing cost for this product at A- 1 is $1 550 and the associated non- manufacturing costs are $270. A- 1's owners insist on achieving a profit of 12% of sales price. What amount is the full- product cost? (Please round all amounts to the nearest whole dollar.)

A) $2 000
B) $1 550
C) $1 760
D) $1 820