Excercise 23-11 Product pricing using total LO P6

Steeze Co makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 18,500 units follow. The company targets a profit of $555,000 on this product Variable costs per unit Direct materiais Direct labor Overhead Selling $ 117 42 37 6 Fixed Coats Overhead $463,000 Selling 100,000 Administrative 325,000 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.) Answer is not complete. $ 452 1 2 Total cost per unit Markup percentage Selling price 5