Using the information given in Question 2, calculate the selling price of a maton and a craton. The directors of Thespa plc wish to achieve a profit margin of 50 per cent on cost. 

It should be noted that the direct costs for each product are as follows.

Calculate the selling price per unit of a maton and of a craton. 

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Direct materials Direct labour Matons 0.5kg@ $4.20 per kg 1.5 hrs @ $6.40 per hour Cratons 0.75 kg @ $6.40 per kg 0.8 hrs @ $9 per hour