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The annual cost and production data for a manufacturing company in Missouri is provided in the table below. Material and Parts Cost $1,500,000 Labor Cost
The annual cost and production data for a manufacturing company in Missouri is provided in the table
below.
| Material and Parts Cost | $1,500,000 |
| Labor Cost | $2,000,000 |
| Overhead Cost | $2,500,000 |
| Annual Production Quantity | 500,000 units |
The selling price is fixed adding a 40% mark- up on the production cost.
What is the selling price per unit (to the closest penny)?
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