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XYZ Inc. manufactures gourmet cookies. The company incurred the following costs during the month of August: direct materials $40,000, direct labor $30,000, manufacturing overhead $20,000,
XYZ Inc. manufactures gourmet cookies. The company incurred the following costs during the month of August: direct materials $40,000, direct labor $30,000, manufacturing overhead $20,000, and selling and administrative expenses $15,000. The company produced 2,000 boxes of cookies during the month. Calculate the total cost per box and the selling price per box if the company wants to earn a 60% markup on total cost.
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