Question: Please provide the solution to this general accounting question using proper accounting principles. Summit Sports manufactures skis. Each pair of skis requires direct materials costing

Please provide the solution to this general accounting question using proper accounting principles.

Summit Sports manufactures skis. Each pair of skis requires direct materials costing $145, direct labor of $65, and variable overhead of $85. The company projects fixed overhead costs of $540,000 and fixed selling and administrative costs of $210,000 for the coming year. It expects to produce and sell 8,000 pairs of skis. What will be the selling price per pair of skis if Summit Sports uses a markup of 20% of the total cost

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