Mountain Company produced 20,00 . blankets in June to be sold during the holiday season. The manufacturing costs were: Direct materials $125,000 Direct labor 55,000 Factory overhead 60,000 Management has decided that the mark-on percentage necessary to
cover the product's share of selling and administrative expenses and to earn a satisfactory profit is 30%. The selling price per blanket should be:
a. $12.00.
b. $15.60.
c. $23.60.
d. $31.20.
Answer: b
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