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Company UVW manufactures specialty coffees. The company incurred the following costs during the month of September: direct materials $60,000, direct labor $40,000, manufacturing overhead $30,000,
Company UVW manufactures specialty coffees. The company incurred the following costs during the month of September: direct materials $60,000, direct labor $40,000, manufacturing overhead $30,000, and selling and administrative expenses $25,000. The company produced 2,500 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 75% markup on total cost.
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