Question
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 10,500 units follow. The company targets a
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 10,500 units follow. The company targets a profit of $315,000 on this product.
| Variable Costs per Unit | Fixed Costs | ||||||
| Direct materials | $ | 101 | Overhead | $ | 471,000 | ||
| Direct labor | 26 | Selling | 106,000 | ||||
| Overhead | 21 | Administrative | 326,000 | ||||
| Selling | 6 | ||||||
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.
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Management Accounting In Health Care Organizations
Authors: David W. Young
3rd Edition
1118653629, 978-1118653623
