Grounded Coffee Products manufactures coffee tables. Grounded Coffee Products has a policy of adding ...

Grounded Coffee Products manufactures coffee tables. Grounded Coffee Products has a policy of adding a 20% markup to full costs and currently has excess capacity. The following information pertains to the company's normal operations per month:

Output units20,000tables
Machine-hours8,000hours
Direct manufacturing labor-hours10,000hours
Direct materials per unit$105
Direct manufacturing labor per hour$10
Variable manufacturing overhead costs$322,500
Fixed manufacturing overhead costs$1,200,000
Product and process design costs$1,100,000
Marketing and distribution costs$1,125,000

For long-run pricing of the coffee tables, what price will most likely be used by Grounded Coffee?
A) $132.00
B) $237.90
C) $297.38
D) $356.86