Please assist in verifying my information to the question below:

Assume that the Presidential Suite has the same profit margin as the standard guest room. What should its selling price be? Show all calculations.

Standard Margin

Sales Price 140,000

Direct Materials 30,000.00

Direct Labor 54,000.00

ABC MOH 20,251.88

Less Total MOH 8,550,000

Total Manufacturing Cost$ 1,085,562

Cost Margin74%

New Selling Price$ 145,780,315

Gross Profit 244,252