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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 cost is 50%. Cost information is provided below.

  • Per Unit Total
  • Direct Materials $10.00
  • Direct Labor $3.00
  • Variable Manufacturing Overhead $4.00
  • Fixed Manufacturing Overhead $150,000
  • Variable Selling and Admin. Expense $1.00
  • Fixed Selling and Admin. Expense $90,000

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

Reference no: EM13601643

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