Mussatto Corporation produces snowboards. The following per unit cost informatio

Question

Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $14, direct labor $14, variable manufacturing overhead $10, fixed manufacturing overhead $15, variable selling and administrative expenses $6, and fixed selling and administrative expenses $12. Using a 44% markup percentage on total per unit cost, compute the target selling price.

Brief Exercise 8-2 X Your answer is incorrect. Try again Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $14, direct labor $14, variable manufacturing overhead $10, fixed manufacturing overhead $15, variable selling and administrative expenses $6, and fixed selling and administrative expenses $12. Using a 44% markup percentage on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, eg, 10.50.) Target selling price LINK TO TEXT

Explanation / Answer

direct materials $14,

direct labor $14,

variable manufacturing overhead $10,

fixed manufacturing overhead $15,

variable selling and administrative expenses $6,

and fixed selling and administrative expenses $12.

Total cost=$71

44% markup percentage on total per unit cost,=71*44%=31.24

Target selling price=$102.24 per unit.

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