Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs...

Transcribed Image Text:

Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 12,000 units follow. The company targets a profit of $428,400 on this product. Variable Costs per Unit Fixed Costs Direct materials $ 104 Overhead $474,000 Direct labor 29 Overhead Selling 24 Selling Administrative 109,000 329,000 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. Markup percentage 3. Selling price % Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 12,000 units follow. The company targets a profit of $428,400 on this product. Variable Costs per Unit Fixed Costs Direct materials $ 104 Overhead $474,000 Direct labor 29 Overhead Selling 24 Selling Administrative 109,000 329,000 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. Markup percentage 3. Selling price %