10 1 points Exercise 23-15 (Algo) Time and materials pricing LO A1 HH Electric reports the following information. Direct labor rate. Non-materials-related overhead Materials-related overhead) Target profit margin (on both conversion and direct materials) $ 90 per DLH $55 per DLH 5% of direct materials cost 20% Book a. Compute the time charge per hour of direct labor.. b. Compute the materials markup percentage.. Print c. What price should the company quote for a job requiring four direct labor hours and $660 in materials? References a. Time charge per hour of direct labor b. Materials markup c. Time and materials price Skull Company makes snowboards and uses the total cost method in setting product price. Its costs for producing 20,000 units follow. The company targets a 14.0% markup on total cost. Variable Costs per Unit Direct materials Direct labor Overhead Selling, general and administrative $125 40 30 B Fixed Costs (total) Overhead $ 492,000 Selling, general and administrative 448,000 1. Compute the total cost per unit if 20,000 units are produced. 2. Compute the dollar markup per unit. 3. Compute the selling price per unit. (For all requirements, round your final answers to the nearest dollar amounts.) 1. Total cost per unit 2. Markup per unit 3. Selling price per unit Exercise 23-5 (Algo) Sell or process LO P2 Varto Company has 11,800 units of its product in inventory that it produced last year at a cost of $152,000. This year's model is better than last year's, and the 11,800 units cannot be sold at last year's normal selling price of $45 each. Varto has two alternatives for these units: (1) They can be sold as is to a wholesaler for $141,600 or (2) they can be processed further at an additional cost of $242,500 and then sold for $377,600. (a) Prepare a sell as is or process further analysis of income effects. (b) Should Varto sell the products as is or process further and then sell them? (a) Sell or Process Analysis Revenue Sell As Is Process Further i Costs Income Incremental income (loss) to sell as is (b) The company should: $ 0 $ 0