Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its...
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Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 12,500 units follow. The company targets a profit of $297,500 on this product. Variable Costs per Unit Fixed Costs Direct materials Direct labor Overhead Selling $ 105 Overhead 30 Selling 25 Administrative $475,000 110,000 315,000 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. 1. Total cost per unit 2 Markup percentage 3. Selling price
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