The minimum price the product could have been sold for to cover the unit cost, period expenses, and overhead is 1 $32.17
Min price = Production cost + period cost + overhead cost
= $21.45 + $10.725
= $32.175
The period cost and the overhead cost is the half of the total production cost and we considered the same
We simply added the production cost, period cost and the overhead cost so that the minimum price could come.
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