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2. Lodge Company makes cast-iron griddles. The following information is available for Lodge Company's anticipated annual volume of 285,000 units. Per Unit Total Direct materials

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2. Lodge Company makes cast-iron griddles. The following information is available for Lodge Company's anticipated annual volume of 285,000 units. Per Unit Total Direct materials $17 Direct labor $19 Variable manufacturing overhead $ 7 Fixed manufacturing overhead $3,990,000 Variable selling and administrative expenses $18 Fixed selling and administrative expenses $6,270,000 The company uses a 62% markup percentage on total cost. a. Compute the total cost per unit. (5 Points) b. Compute the target selling price per unit (to 2 decimals). (5 points)

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