Question 19

Gruner Corporation produces snowboards. The following cost information per unit is available: direct materials $13; direct labour $8; variable manufacturing overhead $7; fixed manufacturing overhead $16; variable selling and administrative expenses $3; and fixed selling and administrative expenses $13. Using a 20% markup percentage on the total cost per unit, calculate the target selling price. (Round answer to 2 decimal places, e.g. 15.25.)

Target selling price

$

Question 19

Gruner Corporation produces snowboards. The following cost information per unit is available: direct materials $13; direct labour $8; variable manufacturing overhead $7; fixed manufacturing overhead $16; variable selling and administrative expenses $3; and fixed selling and administrative expenses $13. Using a 20% markup percentage on the total cost per unit, calculate the target selling price. (Round answer to 2 decimal places, e.g. 15.25.)

Target selling price

$