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Company UVW manufactures premium wines. The company incurred the following costs during the month of May: direct materials $100,000, direct labor $70,000, manufacturing overhead $50,000,

Company UVW manufactures premium wines. The company incurred the following costs during the month of May: direct materials $100,000, direct labor $70,000, manufacturing overhead $50,000, and selling and administrative expenses $40,000. The company produced 2,500 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 55% markup on total cost.

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