Girasol Products is thinking of expanding their product line. Their current income statement is as follows:

	Revenues		$600,000
	Cost of Goods Sold:
	Direct Materials	$250,000
	Direct Labor	100,000
	Overhead	80,000	430,000
	Gross Profit		170,000
	Selling and Administrative		70,000
	Operating Income		$100,000

The cost of the new product is $95 per unit made up of $50 of direct materials, $35 of direct labor and $10 of overhead per unit. What is the bid price assuming Girasol utilizes a mark-up on direct materials?

	a.	$119
	b.	$133
	c.	$70
	d.	$19.77