Determine the selling price per unit if a net profit of R486 000 is desired.

INFORMATION

The following forecasts for January 2021 were provided by Waltons Manufacturers:

Sales (36 000 units) R1 080 000

Direct materials cost per unit R8

Direct labour cost per unit R5

Variable manufacturing overhead costs per unit R2

Fixed manufacturing overheads R150 000

Fixed marketing and administrative costs R120 000

Sales commission 10% of sales