Refer to Short Exercise SI9-8. Elm Corp. desires a 25% target gross profit after covering all product costs. Considering the total product costs assigned to the Products C and D in Short Exercise SI9-8, what would Elm have to charge the customer to achieve that gross profit? Round to two decimal places.
In short Exercise 9-8
Elm Corp. makes two products: C and D. The following data have been summarized:

Indirect manufacturing cost information includes the following:

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Product C $500 600 Product D $ 2,100 Direct materials cost per unit Direct labor cost per unit Indirect manufacturing cost per unit 100 Predetermined Overhead Allocation Rate $1,200 per setup Activity Product C Product D Setup 35 setups 75 setups Machine maintenance 14 per Hr ,150 MH 3,650 MHr