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Oriole Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it: Per Unit Total Direct materials
Oriole Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it: Per Unit Total Direct materials Direct labour $15 18 Variable manufacturing overhead 13 Fixed manufacturing overhead $3,267,000 Variable selling and administrative expenses 4 Fixed selling and administrative expenses 2,376,000 4 These costs are based on a budgeted volume of 297,000 units produced and sold each year. Oriole uses cost-plus pricing to set its target selling price. The markup on the total unit cost is 45%. 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 Total cost per unit to 50 17 19 69 Calculate the desired markup per unit for M14-M16. (Round answer to 2 decimal places, eg. 15 Markup per unit $ 31.05 (c) eTextbook and Media Your answer is correct. Calculate the target selling price for M14-M16. (Round answer to 2 decimal places, e.g. 15.25.) Target selling price $ 100.05 Assuming that 237,600 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, e.g. 15.25.) Total variable cost per unit $ Total fixed costs per unit $ 4 Total cost per unit
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