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FCC Company needs to determine the price for a new product. The company desires a...

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Accounting

FCC Company needs to determine the price for a new product. The company desires a 26% markup on the total cost of the product. It expects to sell 4,000 units. Additional information is as follows (round your final answer to the nearest 2 decimal places number, i.e., $27.345 would be 27.35): Variable Costs per Unit Fixed Costs (total) Direct materials $ 5 Overhead $ 48,000 Direct labor 6 General and administrative 15,000 Overhead 4 General and administrative 6 Using the total cost method, what price should FCC Company charge?

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