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LMN Corporation produces luxury scarves. During the month of October, the company incurred the following costs: direct materials $60,000, direct labor $40,000, manufacturing overhead $30,000,
LMN Corporation produces luxury scarves. During the month of October, the company incurred the following costs: direct materials $60,000, direct labor $40,000, manufacturing overhead $30,000, and selling and administrative expenses $20,000. The company produced 2,500 scarves during the month. Calculate the total cost per scarf and the selling price per scarf if the company wants to earn a 65% markup on total cost.
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