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 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. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 1.Total cost per unit
2.Markup percentage %
3.Selling price