Bonita Products desires to set a target price for its newest product. Information for a budgeted volume of 8,000 units is shown below. Per Unit Total Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead $ 146 $ 96 $ 71 $ 50,000 Variable selling and administrative expenses $ 45 Fixed selling and administrative expenses $ 70,000 Bonita Products uses cost-plus pricing and management wants a 25% ROI on the new product. Assets of $1,400,000 are committed to production of the new product. (b) Compute the target price of the new product under variable-cost pricing. (Round answer to 2 decimal places, e.g. 10.50.) Target price Save for Later $ Attempts: 0 of 1 used Submit