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Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 12,000 units follow. The company targets a
Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 12,000 units follow. The company targets a profit of $338,400 on this product. Variable Costs per Unit Fixed Costs Direct materials $ 102 Overhead $472,000 Direct labor 27 Selling 107,000 Overhead 22 Administrative 333,000 Selling 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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