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Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 18,000 units follow. The company targets a
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 18,000 units follow. The company targets a profit of $567,000 on this product. Variable Costs per Unit Direct materials $ 116 Direct labor 41 Overhead 36 Selling 7 Fixed Costs Overhead $482,000 Selling 114,000 Administrative 340,000 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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