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UVW Corporation manufactures premium wines. During the month of April, the company incurred the following costs: direct materials $120,000, direct labor $80,000, manufacturing overhead $60,000,
UVW Corporation manufactures premium wines. During the month of April, the company incurred the following costs: direct materials $120,000, direct labor $80,000, manufacturing overhead $60,000, and selling and administrative expenses $40,000. The company produced 2,500 bottles of wine during the month. Calculate the total cost per bottle and the selling price per bottle if the company wants to earn a 35% markup on total cost.
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