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UVW Corporation manufactures household appliances. During the month of November, the company incurred the following costs: direct materials $400,000, direct labor $300,000, manufacturing overhead $200,000,
UVW Corporation manufactures household appliances. During the month of November, the company incurred the following costs: direct materials $400,000, direct labor $300,000, manufacturing overhead $200,000, and selling and administrative expenses $150,000. The company produced 8,000 appliances during the month. Calculate the total cost per appliance and the selling price per appliance if the company wants to earn a 35% markup on total cost.
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