DEF Company produces gourmet chocolates. The company incurred the following costs during the month of July: direct
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Question:
DEF Company produces gourmet chocolates. The company incurred the following costs during the month of July: direct materials $50,000, direct labor $30,000, manufacturing overhead $20,000, and selling and administrative expenses $15,000. The company produced 1,000 boxes of chocolates during the month. Calculate the total cost per box and the selling price per box if the company wants to earn a 65% markup on total cost.
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