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What price should it set for each of its products

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Reference no: EM133134704

Question - Oliver Corporation the following information available when 12,500 units were made:

Wages of factory manager 5,200

Administrative salaries 16,880

Direct materials 38,000

Advertising (variable) 900

Wages for factory workers 29,600

Rent on office space 6,800

If the company uses the cost plus approach to pricing and would like to achieve a fifteen percent profit what price should it set for each of its products? Round your final answer to two decimal places.

Reference no: EM133134704

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