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Labor = 10 Material = 15 Overhead = 15 Tooling = 25 Factory Costs = 65 SGA = 6.5 Total Cost = 71.5 Markup =
Labor = 10 Material = 15 Overhead = 15 Tooling = 25 Factory Costs = 65 SGA = 6.5 Total Cost = 71.5 Markup = 14.3 Selling Price = 85.8 Your supplier of wire harnesses has once again had problems and wants a price increase of 25%! The following information is the initial quote that was provided by the supplier. What price is the supplier requesting? Group of answer choices a) $85.80 b) $81.25 c) $89.38 d) $107.25
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