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Flounder Corporation needs to set a target price for its newly designed product M14-M16. The...

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Accounting

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Flounder Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product Per Unit Total $28 $40 $10 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,296,000 $7 $ 864,000 These costs are based on a budgeted volume of 72.000 units produced and sold each year. Flounder ces cost-plus pricing methods to setits target selling price. The markup percentage on total unit costis 40% Compute the total unit variable cost, total unit fixed cost and total unit cost for M14-M16 Variable cost per unit $ Fixed cost per unit 5 Total cost per unit e Textbook and Media Attempts of used Submit An Save for Later

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