Ahmed Corporation makes a mechanical stuffed alligator. The following information is available for Ahmed Corporations expected annual volume of 500,000 units:

		Per Unit		Total
	Direct materials	$15
	Direct labour	7
	Variable manufacturing overhead	11
	Fixed manufacturing overhead			$325,000
	Variable selling and administrative expenses	6
	Fixed selling and administrative expenses			175,000

The company has a desired ROI of 20%. It has invested assets of $24,500,000.

Calculate the total cost per unit. (Round answer to 2 decimal places, e.g. 15.25.)

Total cost per unit

$

Question Part Score

--/1

Calculate the desired ROI per unit. (Round answer to 2 decimal places, e.g. 15.25.)

Desired ROI per unit

$

Question Part Score

--/2

Calculate the markup percentage using the total cost per unit. (Round answer to 2 decimal places, e.g. 15.25%.)

Markup percentage per unit

%

Question Part Score

--/2

Calculate the target selling price. (Round answer to 2 decimal places, e.g. 15.25.)

Target selling price

$