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Compute the product selling price using total cost method

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Reference no: EM132541988

Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 19,500 units follow. The company targets a profit of $503,100 on this product.

Variable Costs per Unit Fixed Costs

Direct materials$119

Overhead$480,000

Direct labor 44

Selling 120,000

Overhead 39

Administrative 336,000

Selling 8

Question 1. Compute the total cost per unit.

Question 2. Compute the markup percentage on total cost.

Question 3. Compute the product's selling price using the total cost method.

Reference no: EM132541988

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