Tarjee World View is considering production of a lighted world globe that the company would price at a markup of 20 percent above full cost. Management estimates that the variable cost of the globe will be $70 per unit and fixed costs per year will be $240,000.

(a)

Assuming sales of 1,200 units, what is the full cost of a globe, and what is the price with a 20 percent markup?(Round answers to 2 decimal places, e.g. 15.25.)

Full cost of globe $ ____________

Price with 20 percent markup $____________