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Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 19,000 units follow. The company targets a
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 19,000 units follow. The company targets a profit of $490,200 on this product. Fixed Costs Variable Costs per Unit Direct materials Direct labor Overhead Selling 43 38 Selling Administrative $482,000 122,000 346,000 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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