Skull Co. makes snowboards and uses the total cost method in setting product price. Its costs for

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Skull Co. makes snowboards and uses the total cost method in setting product price. Its costs for producing 10,000 units follow. The company targets a 12.5% markup on total cost.

1. Compute the total cost per unit if 10,000 units are produced.
2. Compute the dollar markup per unit.
3. Compute the selling price per unit.

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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Question Posted: Oct 28, 2021 03:05 AM

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Skull Co. makes snowboards and uses the total cost method in setting product price. Its costs for

Question:

Variable Costs per Unit Fixed Costs (total) Direct materials.. $100 Overhead.... $470,000 Direct labor .. 25 Selling, general and administrative ...... 430,000 Overhead... 20 Selling, general and administrative.... 5

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1 Total cost per unit calculation Variable cost fixed cost total production cost T...View the full answer

Fundamental Accounting Principles

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