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A bakery produces artisan bread. The bakery incurred the following costs during the month of June: direct materials $10,000, direct labor $6,000, manufacturing overhead $4,000,
A bakery produces artisan bread. The bakery incurred the following costs during the month of June: direct materials $10,000, direct labor $6,000, manufacturing overhead $4,000, and selling and administrative expenses $3,000. The bakery produced 2,000 loaves of bread during the month. Calculate the total cost per loaf and the selling price per loaf if the bakery wants to earn a 50% markup on total cost.
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