6 Exercise 3-8A (Algo) Target costing LO 3-2 The marketing manager of Fanning Corporation has determined that a market exists for a telephone with a sales price of $19 per unit. The production manager estimates the annual fixed costs of producing between 41,700 and 80,500 telephones would be $346,000. Required Assume that Fanning desires to earn a $126,000 prot from the phone sales. How much can Fanning afford to spend on variable cost per unit if production and sales equal 47,200 phones