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Business, 23.08.2020 01:01 Valduarte07

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

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