Aspen Company makes snowboards and uses the total cost approach in setting product prices. Its costs for producin 20,000 units follow. The company targets a profit of $700,000 on this product. Variable costs per Unit Fixed Costs Direct materials $ 125 Overhead $492,000 Direct labor 40 Selling 128,000 Overhead 30 Administrative 320,000 Selling 8 1. Compute the total cost per unit. 2. Compute the markup percentage on total cost. (Round your final percentage answer to 1 decimal place.) 3. Compute the product's selling price using the total cost method (Round your intermediate calculations and final ans to the nearest whole dollar amount.) 1 Total cost per unit 2 Markup percentage 3. Seing price