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OPQ Company manufactures wooden furniture. During the month of January, the company incurred the following costs: direct materials $60,000, direct labor $40,000, manufacturing overhead $30,000,
OPQ Company manufactures wooden furniture. During the month of January, 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 1,000 pieces of furniture during the month. Calculate the total cost per piece and the selling price per piece if the company wants to earn a 50% markup on total cost.
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