Basic Motor Corporation uses target costing Assume that Basic marketing personnel estimate that the competitive setting price for the QcuikCar in the upcoming model year will need to be $25, 100.Assume further that the QuikCar's total unit cost for the upcoming model year is estimated to be $20, 600 and the basic requires a 20 % profit margin on selling price (which is equivalent to a 25 % markup on total cost). What price will Basic establish for the QuickCar for the upcoming model year? What Impact will target costing have or Basic, given the assumed information? Basic will be able to add a 25 % to percent markup on its product cost and still remain competitive. Basic will have to remove $520 from its total costs in order to maintain competitive pricing Basic can within its profit objectives. Basic can increase Its total costs by $520 and still maintain competitive pricing. Basic will no longer be able to produce the Rav4 model since It cannot sell it at a profit