Consolidated Company makes cardboard boxes. During the most recent accounting periodConsolidated paid $60,000 for raw materials, $48,000 for labor, and $52,000 for overheadcosts that were incurred to make boxes. Consolidated started and completed 400,000boxes. GS&A expenses amounted to $40,000. Consolidated desires to earn a gross profitthat is equal to 40% of product cost. Based on this information the selling price per box is:a. $0.40 b. $0.56 c. $0.50 d. $0.70