Homework Answers
1. Total cost per unit = Variable cost per unit + Fixed cost per unit
= $208 + $50
= $258
Where,
Variable cost per unit = Direct material + Direct labor + overhead + Selling
= $118 + $43 + $38 + $9
= $208
Fixed cost per unit = Total fixed cost / Number of units produced
= ($482,000 + $122,000 + $346,000) / 19,000 units
= $950,000 / $19,000 units
= $50 per unit
2. Mark-up percentage on total cost = Mark-up / Total cost * 100
= $490,200 / $4,902,000 * 100
= 10%
Total cost = Total cost per unit * No. of units produced
= $258 * 19,000 units
= $4,902,000
3. Selling price = Total cost per unit + mark-up
= $258 + ($258 * 10%)
= $258 + $25.8
= $283.8
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