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RST Inc. produces premium candles. During the month of October, the company incurred the following costs: direct materials $25,000, direct labor $20,000, manufacturing overhead $15,000,

RST Inc. produces premium candles. During the month of October, the company incurred the following costs: direct materials $25,000, direct labor $20,000, manufacturing overhead $15,000, and selling and administrative expenses $10,000. The company produced 1,200 candles during the month. Calculate the total cost per candle and the selling price per candle if the company wants to earn an 80% markup on total cost.

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