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Outdoor charlies is introducing a new fishing pole and is

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Outdoor Charlie's is introducing a new fishing pole, and is trying to decide what to charge for it. The company has already determined that the optimal markup on the unit product is 50%. Cost information is below:

  • Direct materials $10.00 (per unit)
  • Direct labor $3.00 (per unit)
  • Variable manufacturing overhead $4.00 (per unit)
  • Fixed manufacturing overhead $150,000 (total)
  • Variable selling and admin. expense $1.00 (per unit)
  • Fixed selling and admin. expense $90,000 (total)

Calculate the selling price based on a planned production of 12,000 units. Round to two decimal places.

Reference no: EM13599980

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