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ABCD Corporation produces premium olive oils. During the month of December, the company incurred the following costs: direct materials $90,000, direct labor $60,000, manufacturing overhead
ABCD Corporation produces premium olive oils. During the month of December, the company incurred the following costs: direct materials $90,000, direct labor $60,000, manufacturing overhead $50,000, and selling and administrative expenses $30,000. The company produced 1,200 bottles of olive oil during the month. Calculate the total cost per bottle and the selling price per bottle if the company wants to earn a 40% markup on total cost.
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