Galla Incorporated needs to determine a price for a new product. Galla desires a 25% markup...

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Galla Incorporated needs to determine a price for a new product. Galla desires a 25% markup on the total cost of the product. Galla expects to sell 5,000 units. Additional information is as follows: Variable Costs per Unit Fixed Costs (total) Direct materials $ 8 Overhead $ 45,000 Direct labor 9 General and administrative 18,000 Overhead 7 General and administrative 13 Using the total cost method what price should Galla charge? Galla Incorporated needs to determine a price for a new product. Galla desires a 25% markup on the total cost of the product. Galla expects to sell 5,000 units. Additional information is as follows: Variable Costs per Unit Fixed Costs (total) Direct materials $ 8 Overhead $ 45,000 Direct labor 9 General and administrative 18,000 Overhead 7 General and administrative 13 Using the total cost method what price should Galla charge?