You need to determine the selling price per unit for one of your firm’s products. You have been provided the following data to calculate the selling price.
Labor: 12.8 hours at 18.75 per hour
Overhead: 92% of labor
Material Costs: $65.10
Packing Costs: 10% of materials
Sales Commission: 10% of selling price
Profit: 22% of selling price
A. $532.41
B. Not enough information to determine.
C. $782.96
D. $702.78