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The cost data related to the production of a new product is the following: Direct labor requires 22 hr/unit at $13/hour Direct material costs are

The cost data related to the production of a new product is the following: Direct labor requires 22 hr/unit at $13/hour Direct material costs are $326 per 31 units Overhead costs are 150% of total direct cost (direct labor + direct material) The company wishes to make a profit equal to 0.5 of the total manufacturing cost, what should the selling price be?

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