What is selling price of product using full cost-plus method

Reference no: EM13920488

A company budgets to make 20,000 units which have a variable cost of production of $4 per unit. Fixed production costs are $60,000 per annum. If the selling price is to be 40% higher than full cost, what is the selling price of the product using the full cost-plus method?

Reference no: EM13920488

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