4c

Sunland Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it: These costs are based on a budgeted volume of 290,000 units produced and sold each year. Sunland uses cost-plus pricing to set its target selling price. The markup on the total unit cost is 20% Calculate the target selling price for M14-M16. (Round answer to 2 decimal places, e.g. 15.25.)