Basic Motor Corporation uses target costing. Assume that Basic marketing personnel estimate that the competitive selling price for the QuikCar in the upcoming model year wit need to be $24,200. Assume further that the QuikCar's totar unit cost for the upcoming modet vear is estimated to be $19,400 and that Basie requires a 20% profit margin on selling price (which is equivalent to a 25% markup on total cost). a. What price wal Basic establish for the QuikCar for the upcoming model year? X b. Since the estimated manufacturing cost the target cost, Toyota: its total costs to maintain competitive pricing within its profit oblectives