Homework Answers
Solution 1:
Total Cost per unit = Variable costs per unit + Fixed costs per unit
= ($107+32+27+8) + ($477000 +$105000+$309000)/ 13500
= $174 + $66
= $240 per unit
Solution 2:
Target Profit per unit = $388,800/ 13500 = $28.80 per unti
Markup percentage = Target profit / Total cost per unit = $28.80 / $240 = 12%
Solution 3:
Total cost per unit = $240
Markup % = 12%
Selling Price = $240 *112% = $269 per unit
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