Question: Exercise 23-11 Product pricing using total costs LO P6 Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs

 Exercise 23-11 Product pricing using total costs LO P6 Steeze Co.

Exercise 23-11 Product pricing using total costs LO P6 Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 17000 units follow. The company targets a profit of $419,900 on this product Variable costs per unit Fixed Costs Direct materials 5 114 Overhead 5490,000 Direct labor 39 Selling 100,000 Overhead 34 Administrative 345,000 Selling 5 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. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 1. Total cost per unit 2. Marku percentage Selling price

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!