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Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 17,000 units follow. The company targets a
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 17,000 units follow. The company targets a profit of $419,900 on this product. Variable Costs per Unit Direct materials $ 114 Direct labor 39 Overhead 34 Selling 5 Fixed Costs Overhead $490,000 Selling 100,000 Administrative 345,000 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 product's selling price using the total cost method. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 1. Total cost per unit 2. Markup percentage 3. Selling price %
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