Innova Corporation makes a commercial-grade cooking griddle. The following information is available for Innova Corporation's anticipated annual volume of 30,000 units.

The company uses a 40% markup percentage on total cost.

Instructions
(a) Compute the total cost per unit.
(b) Compute the target sellingprice.

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Per Unit $17 $ 8 $11 Total Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $360,000 $ 4 $150,000