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Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 19,500 units follow. The company targets a

Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 19,500 units follow. The company targets a profit of $503,100 on this product.

Variable Costs per UnitFixed CostsDirect materials$119Overhead$480,000Direct labor44Selling120,000Overhead39Administrative336,000Selling8

1.Compute the total cost per unit.

2.Compute the markup percentage on total cost.

3.Compute the product's selling price using the total cost method.

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