Question: Help! Required information Problem 7.40 Basic CVP Relationships (LO 7-1, 7-2, 7.4) [The following information applies to the questions displayed below] Serendipity Sound, Inc, manufactures

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Required information Problem 7.40 Basic CVP Relationships (LO 7-1, 7-2, 7.4) [The following information applies to the questions displayed below] Serendipity Sound, Inc, manufactures and sells compact discs. Price and cost data are as follows: In the following requirements, ignore income taxes. Problem 7-40 Part 6 6. If the company's direct-labor costs do increase by 8 percent, what selling price per unit of product must it charge to maintain the same contribution-margin ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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