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A supplier needs your help with the selling price of a spare part. Direct material costs are $20, and the ratio of direct material costs

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A supplier needs your help with the selling price of a spare part. Direct material costs are $20, and the ratio of direct material costs to direct labor costs is 1.30 (for every dollar of materials, it is 1.30 dollars in labor). The overhead cost is 110% of labor cost. Please calculate the factory cost. The selling, general, and administrative expense are 20% of the factory cost. Please calculate the total cost. The profit (markup) i estimated to be 15% of the total cost. Please help the supplier to decide the price

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