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15. WAL has decided to manufacture a new product: A leather & wood END TABLE. They have identified the following budgeted costs. They also

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15. WAL has decided to manufacture a new product: A leather & wood END TABLE. They have identified the following budgeted costs. They also think that this product will be a Price Setter and expect a Gross Margin Ratio of 60%. What Price should they use? COST ITEM Direct Material Direct Labor BUDGETED COST AMOUNT PER UNIT $35.00 20.00 Fixed MOH 3.00 Variable MOH 2.00 Advertisement-Operating Exp 2.00 Design fees-Operating Exp 0.25 Price per unit =

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