Johnson Marine has the following costs and expected sales for the coming year. Johnson is considering a number of different methods to determine the price of its product.

Total Costs

Variable Manufacturing $ $2,350,000$

Variable Selling and Administrative $750,000$

Plant$-$level Fixed Overhead $1,200,000$

Fixed Selling and Administrative $600,000$

Batch$-$level Fixed Overhead $200,000$

Total Investment in Product Line $10,000,000$

Expected Sales $($units$)20,000$

If Johnson determines price using a desired return on life cycle costs of $30\%,$ the price is:

Multiple Choice

$$364\mathrm{.}29$

$$375\mathrm{.}00$

$$330\mathrm{.}00$

$$262\mathrm{.}50$

$$306\mathrm{.}00$