The following data concern a new product to be launched by, Business Economics

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The following data concern a new product to be launched by

The following data concern a new product to be launched by ABC Inc. Estimate the selling price per unit.

Labor = 5 hours at $12/ hour

Factory overhead = 150% of labor

Material costs = $25.30

Packing cost = 10% of materials cost

Sales commission = 15% of selling price

Profit = 26% of selling price

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