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DEF Company produces organic skincare products. During the month of August, the company incurred the following costs: direct materials $40,000, direct labor $30,000, manufacturing overhead
DEF Company produces organic skincare products. During the month of August, the company incurred the following costs: direct materials $40,000, direct labor $30,000, manufacturing overhead $20,000, and selling and administrative expenses $15,000. The company produced 1,500 units of skincare products during the month. Calculate the total cost per unit and the selling price per unit if the company wants to earn a 70% markup on total cost.
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