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A manufacturing company produces custom-designed shoes. During the month of February, the company incurred the following costs: direct materials $50,000, direct labor $80,000, manufacturing overhead
A manufacturing company produces custom-designed shoes. During the month of February, the company incurred the following costs: direct materials $50,000, direct labor $80,000, manufacturing overhead $40,000, and selling and administrative expenses $30,000. The company produced 3,000 pairs of shoes during the month. Calculate the total cost per pair and the selling price per pair if the company wants to earn a 50% markup on total cost.
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