1P8-1A Use cost-plus pricing to determine various amounts 2 National Corporation needs to set a target price for its newly designed product M14-M16. The following data 3 relate to this new product Total Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Per Unit $25 $40 $10 1,440,000 $5 10Fixed selling and administrative expenses $960,000 12 |These costs are based on a budgeted volume of 80,000 units produced and sold each year. National uses cost-plus 13 pricing methods to set its target selling price. The markup percentage on total unit cost is 40%. 14 15 Instructions 16 (a) Compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16. 17 (b) Compute the desired ROl per unit for M14-M16. 18 (c) Compute the target selling price for M14-M16 19 (d) Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 60,000 M14-M16s 20 are sold during the year NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a