A company that manufactures flashlights incurs the following costs to produce 60,000 and sell 50,000 flashlights.

Direct Labor to make the flashlights	$4 per unit
Direct Materials that go into the flashlights	$6 per unit
Manufacturing costs that are the same per unit	$1 per unit
Manufacturing costs that will not change as production volume changes	$234,000
Selling costs that vary by units sold	$0.50 per unit
Selling costs that will not change as sales change	$127,000
Administrative costs	$275,000

Required

What price must the company sell the product to earn 20% profit above total costs on sales volumes of

(a) 40,000 and

(b) 50,000 flashlights.