Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 10,000 units follow. The company targets a profit of $300,000 on this product. 1. Compute the total cost per unit. 2. Compute the markup percentage on total cost. 3. Compute the product’s selling price using the total cost method. Variable Costs per Unit Direct materials $100 Direct labor . 25 Overhead 20 Selling . 5 Fixed Costs (in total) Overhead $470,000 Selling . 105,000 Administrative . 325,000 Exercise 25-

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