Sosa Company has $39 per unit in variable costs and $1,900,000 per year in fixed costs. Demand
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Question:
Sosa Company has $39 per unit in variable costs and $1,900,000 per year in fixed costs. Demand is estimated to be 138,000 units annually. What is the price if a markup of 35% on total cost is used to determine the price?
Round to two decimal places.
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