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The Gargus Company, which manufactures projection equipment, is ready to introduce a new line of...

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Accounting

The Gargus Company, which manufactures projection equipment, is ready to introduce a new line of portable projectors. The following data are available for a proposed model:

Variable manufacturing costs $ 350
Applied fixed manufacturing overhead 175
Variable selling and administrative costs 130
Applied fixed selling and administrative costs 145

What price will the company charge if the firm uses cost-plus pricing based on total cost and a markup percentage of 70%?

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