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God Rest Ye Merry Gentleman (GRYMG) is the leading brand in the market. Relevant cost information is provided below. Direct materials per unit: $4.00 Direct
God Rest Ye Merry Gentleman (GRYMG) is the leading brand in the market. Relevant cost information is provided below. Direct materials per unit: $4.00 Direct labor per unit: $9.00 Variable manufacturing overhead: $1.00 Total fixed costs: $225,000 GRYMG has had a total of $2,000,000 assets invested in their business. Their shareholders desire a 30% return on their investment. GRYMG typically sells 10,000 units in a year. What is GRYMG's normal selling price? Please round your answer to two decimal places
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