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Grounded Coffee Products manufactures coffee tables. Grounded Coffee Products has a policy of adding a 10% markup to full costs and currently has excess capacity.

Grounded Coffee Products manufactures coffee tables. Grounded Coffee Products has a policy of adding a 10% markup to full costs and currently has excess capacity. The following information pertains to the companys normal operations per month

Output units 30,000 tables
Machine-hours 4,000 hours
Direct manufacturing labor-hours Direct materials per unit 14,000 hours

Direct materials per unit

$140
Direct manufacturing labor cost per unit $14
Variable manufacturing overhead costs per unit

$18

Fixed manufacturing overhead costs

$1,500,000

Product and process design costs

$1,400,000

Marketing and distribution costs

$1,000,000

Required(Show your calculation):

Grounded Coffee Products is approached by an overseas customer to fulfill a one-time-only special order for 5000 units. All cost relationships remain the same except for a one-time setup charge of $60,000. No additional design, marketing, or distribution costs will be incurred. What is the minimum acceptable bid per unit on this one-time-only special order? (Round your final answer to the nearest cent.)

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