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25 February, 03:54

Sales and commission are based on selling price, not the costs you have been provided. Labor: 13.8 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

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  1. 25 February, 06:04
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    Price per unit is $782.96 or $783.

    Explanation:

    Let, selling price per unit = X

    Total cost = Labor cost + Overhead cost + material cost + packing cost + Commission cost

    Total cost = 12.8*18.75 +.92*12.8*18.75 + 65.10 +.10*65.10 +.1*X

    Total cost = 532.41 +.1*X

    So,

    Selling price = X =.22*X + 532.41 +.1*X

    .68*X = 532.41

    X = 532.41/.68

    X = $782.96 or $783

    Price per unit is $782.96 or $783.
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