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ivret Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for

ivret Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:

Total machine-hours 80,000
Total fixed manufacturing overhead cost $ 624,000
Variable manufacturing overhead per machine-hour $ 3.10

Recently, Job M598 was completed with the following characteristics:

Number of units in the job 60
Total machine-hours 300
Direct materials $ 645
Direct labor cost $ 9,000

If the company marks up its unit product costs by 40% then the selling price for a unit in Job M598 is closest to: (Round your intermediate calculations to 2 decimal places.)

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