Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 20,000 units follow. The company targets a profit of $700,000 on this product.

Variable Costs per Unit				Fixed Costs
Direct materials	$	125		Overhead	$	492,000
Direct labor		40		Selling		128,000
Overhead		30		Administrative		320,000
Selling		8

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 products selling price using the total cost method.

1.	Total cost per unit
2.	Markup percentage
3.	Selling price