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RST Inc. manufactures luxury scarves. The company incurred the following costs during the month of January: direct materials $60,000, direct labor $40,000, manufacturing overhead $30,000,
RST Inc. manufactures luxury scarves. The company incurred the following costs during the month of January: direct materials $60,000, direct labor $40,000, manufacturing overhead $30,000, and selling and administrative expenses $20,000. The company produced 1,200 scarves during the month. Calculate the total cost per scarf and the selling price per scarf if the company wants to earn a 50% markup on total cost.
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