Question: Exercise 10-14 Product pricing using total costs LO P1 Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs

Exercise 10-14 Product pricing using total costs LO P1 Steeze Co.

Exercise 10-14 Product pricing using total costs LO P1 Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 13,500 units follow. The company targets a profit of $388,800 on this product. Variable Costs per Unit Fixed Costs Direct materials $ 107 Overhead $ 477,000 Direct labor 32 Selling 105,000 Overhead 27 Administrative 309,000 Selling 1. Compute the total cost per unit. 2. Compute the markup percentage on total cost. (Round your final percentage answer to 1 decimal place.) 3. Compute the product's selling price using the total cost method. 1. 2. 3. Total cost per unit Markup percentage Selling price

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