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.

1. Compute the total cost per unit.
2. Compute the markup percentage on total cost.
3. Compute the product's selling price using the total cost method.

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Varlable Costs per Unit Flxed Costs (In total) $100 25 20 $470,000 105,000 325,000 Overhead Selling Denies... Selling