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OPQ Company manufactures handmade pottery. During the month of June, the company incurred the following costs: direct materials $30,000, direct labor $20,000, manufacturing overhead $15,000,
OPQ Company manufactures handmade pottery. During the month of June, the company incurred the following costs: direct materials $30,000, direct labor $20,000, manufacturing overhead $15,000, and selling and administrative expenses $10,000. The company produced 1,500 pieces of pottery during the month. Calculate the total cost per piece and the selling price per piece if the company wants to earn a 65% markup on total cost.
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