The following information pertains to the three multiple-cho…
The following information pertains to the three multiple-choice questions that follow: Louis the Child manufactures Gold Body Glitter. For 2018, Louis the Child has budgeted 32,000 units of glitter to be manufactured. The company currently has machines in place that are able to manufacture 40,000 units, but will incur an additional $300,000 to manufacture anywhere from 40,001-65,000 units. Fixed costs, excluding the $300,000 are $127,360. Direct labor costs are $10 per unit, direct material costs are $15 per unit, and variable overhead costs are $20 per unit. 1) Based on its current budgeted production, if the company prices its Gold Body Glitter at full product cost plus 50%, the price of the glitter will be ____.