b. Compute the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses.

Fixed manufacturing overhead $_____ per unit

Fixed selling and administrative expenses $_____ per unit

ROI $_____ per unit (Desired ROI per unit)

Target selling price $________

Exercise 8-7 (Part Level Submission) (Video) Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Total Per Unit $390 $340 $ 78 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,759,600 $ 58 $ 584,320 The company has a desired ROI of 23%. It has invested assets of $52,456,000. It anticipates production of 3,320 units per year. (a) Compute the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses. Fixed manufacturing overhead per unit $ Fixed selling and administrative expenses per unit $ By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 0 of 3 used