Garcia Co. sells snowboards. Each snowboard requires direct materials of $116, direct labor of $46, and variable overhead of $61. The company expects fixed overhead costs of $667,000 and fixed selling and administrative costs of $145,000 for the next year. It expects to produce and sell 11,600 snowboards in the next year. What will be the selling price per unit if Garcia uses a markup of 10% of total cost? (Round your answer to 2 decimal places.)

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.