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ABCD Company produces premium wines. The company incurred the following costs during the month of April: direct materials $90,000, direct labor $60,000, manufacturing overhead $50,000,
ABCD Company produces premium wines. The company incurred the following costs during the month of April: direct materials $90,000, direct labor $60,000, manufacturing overhead $50,000, and selling and administrative expenses $40,000. The company produced 1,800 bottles of wine during the month. Calculate the total cost per bottle and the selling price per bottle if the company wants to earn a 35% markup on total cost.
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