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A manufacturing company produces high-quality leather jackets. During the month of February, the company incurred the following costs: direct materials $90,000, direct labor $120,000, manufacturing
A manufacturing company produces high-quality leather jackets. During the month of February, the company incurred the following costs: direct materials $90,000, direct labor $120,000, manufacturing overhead $60,000, and selling and administrative expenses $40,000. The company produced 1,800 jackets during the month. Calculate the total cost per jacket and the selling price per jacket if the company wants to earn a 45% markup on total cost.
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