(Answered) The annual cost and production data for a manufacturing

Management Studies

The annual cost and production data for a manufacturing company in Missouri is provided in the table below.

Material and Parts Cost

$1,500,000

Labor Costs

$2,000,000

Overhead Cost

$2,500,000

Annual Production Quantity

500,000 units

The selling price is fixed adding a 40% mark- up on the production cost.

What is the selling price per unit (to the closest penny)?

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