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LMNOP Corporation manufactures electronic devices. The company incurred the following costs during the month of March: direct materials $200,000, direct labor $120,000, manufacturing overhead $80,000,
LMNOP Corporation manufactures electronic devices. The company incurred the following costs during the month of March: direct materials $200,000, direct labor $120,000, manufacturing overhead $80,000, and selling and administrative expenses $50,000. The company produced 5,000 devices during the month. Calculate the total cost per device and the selling price per device if the company wants to earn a 40% markup on total cost.
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