Calculate the unit cost of a product if the material cost, Business Economics

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Calculate the unit cost of a product if the material cost

Calculate the unit cost of a product if the material cost is $3 per unit, labor is $5 per unit, and overhead is calculated at a rate of 150% of labor. The first cost of the equipment needed for production is $50,000, with a life of 12 years and a salvage value of $4,000. Five thousand units per year are required. ROI is 15%. Annual operating costs of $1,000 per year are also required. What is the unit cost?

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