Job for customer ABC has been completed at a total production cost of $7266. Administration and selling overheads are applied at 20% of production cost. The selling price of each job is established so...

Job for customer ABC has been completed at a total production cost of $7266. Administration and selling overheads are applied at 20% of production cost. The selling price of each job is established so as to provide a GROSS profit margin of 30% of sales.

What is the selling price of Job for the customer ABC? Show solution