Power Serve Company expects to operate at 88% of productive capacity during May. The total manufacturing costs for May for the production of 39,600 batteries are budgeted as follows: Direct materials Direct labor Variable factory overhead Fixed factory overhead $471,200 173,300 48,500 97,000 Total manufacturing costs $790,000 The company has an opportunity to submit a bid for 2,000 batteries to be delivered by May 31 to a government agency. If the contract is obtained, it is anticipated that the additional activity will not interfere with normal production during May or increase the selling or administrative expenses. What is the unit cost below which Power Serve Company should not go in bidding on the government contract? Round your answer to two

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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.