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LMN Inc. manufactures handmade pottery. The company incurred the following costs during the month of March: direct materials $25,000, direct labor $20,000, manufacturing overhead $15,000,
LMN Inc. manufactures handmade pottery. The company incurred the following costs during the month of March: direct materials $25,000, direct labor $20,000, manufacturing overhead $15,000, and selling and administrative expenses $10,000. The company produced 1,200 pieces of pottery during the month. Calculate the total cost per piece and the selling price per piece if the company wants to earn an 80% markup on total cost.
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