A Lopez Manufacturing prices its products at a cost plus 40 percent. The company operates two support departments and two producing departments Budgeted costs and normal activity levels are as to Support Departments Time Bune Producing Departments 1 Hout Overhead costs Square feet Number of employees Direct labor hours Machine hours Custodial $20.000 2,000 20 Cafeteria 550.000 2.400 30 Assembly 590.000 4.000 60 10.000 6,000 Packaging $120.000 12.000 40 6.400 10.800 The Custodial Department's costs are allocated based on square feet, and the Cafeteria's costs are allocated based on number of employees. The Assembly Department uses direct labor hours to assign overhead costs to products, while the Packaging Department uses machine hours. One of the products the company produces requires 4 direct labor hours per unit in the Assembly Department and no time (no machine hours) in the Packaging Department. Direct materials for the product cost $45 per unit, and direct labor is $20 per unit. If the sequential method of allocation is used and the company follows its usual pricing policy, the selling price of the product would be (round service allocations to the nearest whole dollar and the costs per unit to two decimal places). Note: allocate the support department with highest costs first. $108.46. $159.38. $113.52 $162.52 MacBoob Dro