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Innova corporation makes a commercial-grade cooking griddle

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Reference no: EM13600707

Innova Corporation makes a commercial-grade cooking griddle. The following information is available for Innova Corporation's anticipated annual volume of 30,000 units.

  • Per Unit Total
  • Direct materials $17
  • Direct labor $ 8
  • Variable manufacturing overhead $11
  • Fixed manufacturing overhead $360,000
  • Variable selling and administrative expenses $ 4
  • Fixed selling and administrative expenses $150,000

The company uses a 40% markup percentage on total cost.
(a) Compute the total cost per unit
(b) Compute the target selling price

Reference no: EM13600707

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