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Cullumber Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it: These costs are based on

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Cullumber Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it: These costs are based on a budgeted volume of 297,000 units produced and sold each year. Cullumber uses cost-plus pricing to set its target selling price. The markup on the total unit cost is 40%. Calculate the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16. Yout answer is correct. Calculate the desired markup per unit for M14-M16. (Round answer to 2 decimal ploces, eg. 15.25) Calculate the target selling price for M14-M16. (Round onswer to 2 decimal places, e.g. 15.25.)

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