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Company PQR manufactures gourmet cheeses. The company incurred the following costs during the month of January: direct materials $60,000, direct labor $40,000, manufacturing overhead $30,000,

Company PQR manufactures gourmet cheeses. The company incurred the following costs during the month of January: direct materials $60,000, direct labor $40,000, manufacturing overhead $30,000, and selling and administrative expenses $20,000. The company produced 1,500 wheels of cheese during the month. Calculate the total cost per wheel and the selling price per wheel if the company wants to earn a 55% markup on total cost.

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