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DEF Company produces clothing items. The company incurred the following costs during the month of October: direct materials $40,000, direct labor $30,000, manufacturing overhead $20,000,
DEF Company produces clothing items. The company incurred the following costs during the month of October: direct materials $40,000, direct labor $30,000, manufacturing overhead $20,000, and selling and administrative expenses $15,000. The company produced 1,000 units of clothing items during the month. Calculate the total cost per unit and the selling price per unit if the company wants to earn a 45% markup on total cost.
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