Jason Craven $($IC$)$ Incorporated is a public company that produces and distributes high quality surround sound speakers. The company's suppliers provide a deep discount if it makes large purchases. As a result, JC$\text{'}$s production volume is often greater than its sales volume for a given period. The company uses the cost plus pricing system to determine the appropriate selling price for its speakers.

$\backslash$table$[[2021$ production in units,$130,000],[2021$ sales in units,$60,000],[$Variable Cost per Unit$],[$Direct Materials,$12\mathrm{.}50],[$Direct Labor,$22\mathrm{.}00],[$Variable Manufacturing Overhead Costs,$9\mathrm{.}00],[$Variable General and Administrative Costs per unit sold,$6\mathrm{.}00],[$Annual Fixed$],[$Fixed Manufacturing Overhead Costs,$650,000],[$Fixed General and Administrative Costs,$75,000],[,+],[$Mark$-$up percentage$],[$Variable Cost Base,$40\%$