Skull Company makes snowboards and uses the total cost method in setting product price. Its costs...
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Skull Company makes snowboards and uses the total cost method in setting product price. Its costs for producing 10,500 units follow. The company targets a 12.5% markup on total cost. Variable Costs per Unit Direct materials $ 101 Direct labor 26 Overhead 21 Selling, general and administrative 6 Fixed Costs (total) Overhead $ 471,000 Selling, general and administrative 432,000 1. Compute the total cost per unit if 10,500 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 Skull Company makes snowboards and uses the total cost method in setting product price. Its costs for producing 10,500 units follow. The company targets a 12.5% markup on total cost. Variable Costs per Unit Direct materials $ 101 Direct labor 26 Overhead 21 Selling, general and administrative 6 Fixed Costs (total) Overhead $ 471,000 Selling, general and administrative 432,000 1. Compute the total cost per unit if 10,500 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
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