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XYZ Corporation manufactures custom-designed jewelry. The company incurred the following costs during the month of November: direct materials $120,000, direct labor $80,000, manufacturing overhead $60,000,
XYZ Corporation manufactures custom-designed jewelry. The company incurred the following costs during the month of November: direct materials $120,000, direct labor $80,000, manufacturing overhead $60,000, and selling and administrative expenses $40,000. The company produced 2,500 pieces of jewelry during the month. Calculate the total cost per piece and the selling price per piece if the company wants to earn a 35% markup on total cost.
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