Concord Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product Per Unit Total Direct materials $32 $44 $8 Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1641,600 $6 $ 1.094,400 These costs are based on a budgeted volume of 91,200 units produced and sold each year Concord uses cost.plus pricing methods to set its target selling price. The markup percentage on total unit cost is 40%. Compute unit variable cost, unit fixed cost, and unit total cost assuming that 68,400 M14-M16s are produced and sold during the year Variable cost per unit s Fixed cost per unit Total cost per unit $ e Textbook and Media Save for Later Attempts: 0 of 3 used Subrnit