Exercise 23-11 Product pricing using total costs LO P6 Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 12,500 units follow. The company targets a profit of $295,000 on this product. Variable Coats per Unit Direct materials Direct labor Overhead Selling Fixed Costs $103 28 23 Overhead Selling Administrative $473,000 112,000 340,000 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.) 1. Total cost per unit 2. Markup percentage 3. Selling price %