qs 25-17 and 25-11 kull Company makes snowboards and uses the total cost method...
80.2K
Verified Solution
Link Copied!
Question
Accounting
qs 25-17 and 25-11
kull 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
$ 121
Direct labor
46
Overhead
41
Selling, general and administrative
9
Fixed Costs (total)
Overhead
$ 491,000
Selling, general and administrative
469,000
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.
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 Direct labor Overhead Selling, general and administrative $ 121 46 41 9 Fixed Costs (total) Overhead Selling, general and administrative $ 491,000 469,000 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 2. Markup per unit 3. Selling price per unit
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
