Wood Products manufactures banquet tables. The following information pertains to the company's normal operations per month:

Output units 20,000 tables

Machine-hours 8,000 hours

Direct manufacturing labor-hours 10,000 hours

Direct materials per unit $105

Direct manufacturing labor per hour $10

Variable manufacturing overhead costs $322,500

Fixed manufacturing overhead cos $1,200,000

Improved Product and process design costs $1,100,000

Marketing and distribution costs $1,125,000

Assuming the Marketing and distribution costs and the Improved Product and process design costs are 100% variable costs, and Wood Products targets a minimum 50% contribution margin, what is the minimum price that Wood Products should charge for its tables?

Select one:

a. $594.76

b. None of these is correct

c. $474.76

d. $372.26