How to calculate the selling price based on this example?

Jan 5, 2011
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Hello, the question is calculate the selling price of the following material.

Direct Material Costs: 120 000 (20 000 KG * 6 dollar a KG)
Direct Labour Costs: 300 000 (10 000 * 30 dollar an hour)
Total Indirect Costs: 30 000 dollar

The allocation base of the indirect costs allocation are the direct material costs.

Calculate the selling price if the profit margin is 25% and book is 800 gram and 10 minutes of labor.

Please show the calculations and explain, thank you!

I am doing something wrong as I could not get to the correct answer of 14,67 :(


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