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

The company uses a 40% markup percentage on total cost.
Instructions
(a) Calculate the total cost per unit.
(b) Calculate the target selling price.

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