Yippee Industries Budgeted the Following Costs for the Production of Its

Yippee Industries budgeted the following costs for the production of its one and only product, golf balls, for the next fiscal year: $$\begin{array} { l c } \text { Materials } & \$ 35,000 \\\text { Labor } & 25,000 \\\text { Overhead: } & \\\text { Variable } & 30,000 \\\text { Fixed } & 15,000 \\\text { Selling and administrative: } \\\text { Variable } & 7,500 \\\text { Fixed } & \underline { 12,500 } \\\text { Total costs } & \$ 125,000\end{array}$$ Yippee Industries has a target profit of $30,000. _ is the target price.

A) $155,000
B) $111,000
C) $125,000
D) $30,000