(Solved): Skull Company makes snowboards and uses the total cost method in setting product price. Its costs ...

Skull Company makes snowboards and uses the total cost method in setting product price. Its costs for producing 20,000 units follow. The company targets a 14.0% markup on total cost. Variable Costs per Unit Direct materials $ 125 40 Direct labor Overhead 30 Selling, general and administrative 8 Fixed Costs (total) Overhead $ 492,000 448,000 Selling, general and administrative 1. Compute the total cost per unit if 20,000 units are produced. 2. Compute the dollar markup per unit. 3. Compute the selling price per unit. (For all requirements, round your final answers to the nearest dollar amounts.) 1. Total cost per unit $ 220 2. Markup per unit $ 251 3. $ 471 Selling price per unit