Linwood Company recently began production of a new navigation device, which required a capital investment of $660,000. Linwood is currently considering establishing a selling price for this new device that will ensure a 25% return on the capital investment. The engineering and the sales department compiled the following estimates for producing and selling 77.000 devices

Per Unit Total (77,000 units)

Direct Materials

$12

Direct Labor

$26

Variable Manufacturing Overhead

514

Selling and Administrative Expenses

$17

Fixed Manufacturing Overhead

$223.000

General and Administrative Expenses

$73,000

1080-

Required

Do not enter dollar signs or commas in the input boxes.

Bound all answers to 2 decimal pleSEL