Check my work 6 Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 16,000 units follow. The company targets a profit of $590,400 on this product. 0.76 points Variable costs per Unit Direct materials $ 112 Direct labor 37 Overhead 32 Selling 7 Fixed Costs Overhead $482,000 Selling 109,000 Administrative 337,000 eBook 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 answer to the nearest whole dollar amount.) Print References 1. Total cost per unit 2. Markup percentage 3. Selling price % Gelb Company currently manufactures 55,000 units per year of a key component for its manufacturing process. Variable costs are $6.25 per unit, fixed costs related to making this component are $75,000 per year, and allocated fixed costs are $65,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.50 per unit. Calculate the total incremental cost of making 55,000 units and buying 55,000 units. Should it continue to manufacture the component, or should it buy this component from the outside supplier? Complete this question by entering your answers in the tabs below. Costs to Make Costs to Buy Outside Supplier Calculate the total incremental cost of making 55,000 units. (Round "variable cost per unit" answers to 2 decimal places.) Incremental Costs to Make Relevant Amount per Unit Relevant Fixed Costs Total Relevant Costs $ 6.25 Variable cost per unit Fixed manufacturing costs $ 75,000 75,000 75,000 Total incremental cost to make $ Gelb Company currently manufactures 55,000 units per year of a key component for its manufacturing process. Variable costs are $6.25 per unit, fixed costs related to making this component are $75,000 per year, and allocated fixed costs are $65,500 per year. The allocated fixed costs are unavoidable whether the company makes or buys this component. The company is considering buying this component from a supplier for $3.50 per unit. Calculate the total incremental cost of making 55,000 units and buying 55,000 units. Should it continue to manufacture the component, or should it buy this component from the outside supplier? Complete this question by entering your answers in the tabs below. Costs to Make Costs to Buy Outside Supplier Calculate the total incremental cost of buying 55,000 units. (Round "purchase price per unit" answers to 2 decimal places.) Incremental Costs to Buy Relevant Relevant Amount per Unit Fixed Costs Total Relevant Costs $ 3.50 Purchase price per unit Total incremental cost to buy