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ABCD Inc. produces specialty coffees. During the month of December, the company incurred the following costs: direct materials $50,000, direct labor $30,000, manufacturing overhead $20,000,
ABCD Inc. produces specialty coffees. During the month of December, the company incurred the following costs: direct materials $50,000, direct labor $30,000, manufacturing overhead $20,000, and selling and administrative expenses $15,000. The company produced 1,500 bags of coffee during the month. Calculate the total cost per bag and the selling price per bag if the company wants to earn a 50% markup on total cost.
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