Q: 15
CORRECT TEXT Refer to the Exhibit. 
A company operates a batch costing system. Production overhead costs are absorbed into the cost of batches using a direct labour hour rate. Other overhead costs are absorbed at a rate of 20% of total production cost. The company adds a mark-up of 10% to total cost in order to derive its selling prices. Budgeted production overheads for the period are $44,000 and the budgeted level of activity is 8,800 direct labour hours. The following data are available for batch number 309: The required selling price per unit (to two decimal places) is:
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