Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 10,000 units follow. The company targets a profit of $300,000 on this product.

Variable Costs per Unit					Fixed Costs
Direct materials	$	100			Overhead	$	470,000
Direct labor		25			Selling		105,000
Overhead		20			Administrative		325,000
Selling		5

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. 1 Total cost per unit 2 Markup percentage 3 Selling price