1. To determine a product selling price based on the total cost method, management should include: a. Total product and selling, general, and administrative costs plus a markup. b. Total product and selling, general, and administrative costs only. c. Total product costs plus a markup. d. Total selling, general, and administrative costs plus a markup. e. Only a markup.

Wesley Company makes bowling balls and uses the total cost method in setting product prices. Its costs for producing 10,000 bowling balls follow. The company targets a 12.5% markup on total cost. The dollar markup per unit is:

Variable Costs per Unit Fixed Costs (total) Direct materials$ 50.00Overhead$ 235,000Direct labor12.50Selling, general, and administrative215,000Overhead10.00 Selling, general, and administrative2.50

Question 17Select one:

a.

$9.38.

b.

$5.63.

c.

$16.88.

d.

$13.75.

e.

$15.00.