Crane Company is in the process of setting a selling price for its newest model stunt kite, the Looper. The controller of Crane estimates unit variable cost for the model to be as follows: Direct materials $18.00 Direct labor 9.00 Variable manufacturing overhead 4.00 Variable selling and administrative expenses 6.00 $37.00 In addition, Crane anticipates incurring the following unit fixed cost at a budgeted sales volume of 20,000 units: Total Costs Budget Volume Unit Cost Fixed manufacturing overhead $432,000 20,000 $21.60 Fixed selling and administrative expenses 448,000 20.000 22.40 Unit fixed cost $44.00 Crane uses cost-plus pricing and would like to earn a 10-percent ROI of $560,000. Compute the target selling price that would provide Crane a 10-percent ROI. (Round answer to 2 decimal places, eg. 52.72.) Selling price $ Save for Later Attempts: 0 of 1 used Submit