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

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Accounting

Lafleur Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it:

Per Unit Total
Direct materials $14
Direct labour 19
Variable manufacturing overhead 12
Fixed manufacturing overhead $4,060,000
Variable selling and administrative expenses 3
Fixed selling and administrative expenses 2,610,000

These costs are based on a budgeted volume of 290,000 units produced and sold each year. Lafleur uses cost-plus pricing to set its target selling price. The markup on the total unit cost is 20%.

Find the markup per unit

Find the target selling price

Answer & Explanation Solved by verified expert
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