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Cullumber Corporation produces area rugs. The following per-unit cost information is available: direct materials $16, direct labour $10, variable manufacturing overhead $5, fixed manufacturing overhead
Cullumber Corporation produces area rugs. The following per-unit cost information is available: direct materials $16, direct labour $10, variable manufacturing overhead $5, fixed manufacturing overhead $6, variable selling and administrative expenses $2, and fixed selling and administrative expenses $7. Using a 30\% markup on total per-unit cost, calculate the target selling price. (Round answer to 2 decimal places, e.g. 15.25.)
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