profit margin

Project Description:

an executive from a large merchandising firm has called your vice-president for production to get a price quote for an additional 100 units of a given product. the vice-president has asked you to prepare a cost estimate. the number of hours required to produce a unit is 5. the average labor rate is $12 per hour. the materials cost is $14 per unit. overhead for an addition 100 units is estimated at 50% of the direct labor cost. if the company wants to have a 30% profit margin, what should be the quoted price, for the 100 units? [this is not target costing]
Skills Required:
Project Stats:

Price Type: Fixed

Project Budget: $0 to $10
Total Proposals: 3
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