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RST Inc. manufactures gourmet cookies. During the month of January, the company incurred the following costs: direct materials $40,000, direct labor $30,000, manufacturing overhead $20,000,
RST Inc. manufactures gourmet cookies. During the month of January, the company incurred the following costs: direct materials $40,000, direct labor $30,000, manufacturing overhead $20,000, and selling and administrative expenses $15,000. The company produced 2,000 boxes of cookies during the month. Calculate the total cost per box and the selling price per box if the company wants to earn a 55% markup on total cost.
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