ABC Company is planning to market a new model of product X. The management collects information from retailers that how many units of good X they would buy for various prices. From this survey, it is determined that the unit demand function is X = -1,500 p + 30,000
The fixed costs to the company for production of good X are found to be 28,000 birr and the cost for material and labor to produce each unit of good X is estimated to be 8 birr per unit. Determine the price that the company should charge to maximize its profit.

Harris fabrics computes its predetermined overhead rate annually on the basis of direct labor-hours. at the beginning of the year, it estimated that 34,000 direct labor-hours would be required for the period’s estimated level of production. the company also estimated $599,000 of fixed manufacturing overhead expenses for the coming period and variable manufacturing overhead of $3.00 per direct labor-hour. harris's actual manufacturing overhead for the year was $768,234 and its actual total direct labor was 34,500 hours.required: compute the company's predetermined overhead rate for the year. (round your answer to 2 decimal places.)