American Corp. bases its predetermined overhead rate on direct labor hours. American Corp. incurs $36,000 in direct materials, $12,000 in direct labor costs, 420 machine hours, 340 direct labor hours and has a predetermined overhead rate of $4.40 per direct labor hour for their product. If American sells their product for 30% more than the cost to make it, what is the selling price for the product?

• A. $64,344.80
• B. $14,848.80
• C. $64,802.40
• D. $62,400