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Lafleur Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it: Total Per Unit $14 pport
Lafleur Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it: Total Per Unit $14 pport Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $3,735,000 5 1,992,000 These costs are based on a budgeted volume of 249,000 units produced and sold each year. Lafleur uses cost-plus pricing to set its target selling price. The markup on the total unit cost is 20%. Calculate the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16. Total variable cost per unit $ Total fixed costs per unit unit Total cost per unit Calculate the desired markup per unit for M14-M 16. (Round answer to 2 decimal places, e.g. 15.25.) Markup per unit e Textbook and Media Question Part Score Calculate the target selling price for M14-M16. (Round answer to 2 decimal places, s. 15.25.) Target selling price e Textbook and Media Question Part Score Assuming that 199,200 M14-M16s are produced during the year, calculate the variable cost per unit, fixed cost per unit, and total cost per unit. (Round answers to 2 decimal places, eg. 15.25.) Total variable cost per unit Total fixed costs per unit Total cost per unit
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