Basic Motor Corporation uses target costing. Assume that marketing personnel estimate that the competitive selling price for the QuickCar in the upcoming model year will need to be $26, 200. Assume further that the QuickCar's total unit cost for the upcoming model year is estimated to be $22, 300 and that basic requires a 205 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 on Basic, given the assumed information? Select Basic will be able to add a 25% percent markup on its product cost and still remain competitive. Basic will have to remove $1340 from its total costs in order to maintain competitive pricing within Its profit objectives. Basic can Increase Its total costs by $1340 and still maintain competitive pricing. Basic will no longer be able to produce the Rav4 model since it cannot sell it at a profit