P Co manufactures ring binders which are embossed with the customer's own logo. A customer has ordered a batch of 300 binders. The following data illustrate the cost for a typical batch of 100 binders.

$

Direct materials 30 Direct wages 10 Machine set up 3 Design and artwork 15 58 Direct employees are paid on a piecework basis.

P Co absorbs production overhead at a rate o 20 per cent of direct wages cost. Five per cent is added to the total production cost of each batch to allow for selling, distribution and administration overhead.

P Co requires a profit margin of 25 per cent of sales value.

The selling price for a batch of  300 binders (to the nearest cent) will be A $189.00 B $193.20 C $201.60 D $252.00