E8-5 Use cost-plus pricing to determine various amounts Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 500,000 units. Per Unit Total $7 $11 $15 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses $1 Fixed selling and administrative expenses The company has a desired ROI of 25%. It has invested assets of $28,000,000. $3,000,000 $1,500,000 Instructions (a) Compute the total cost per unit (b) Compute the desired ROI per unit. (c) Compute the markup percentage using total cost per unit. (d) Compute the target selling price NOTE: Enter a number in cells requesting a value; enter either a number or a formula in with a "?" cells (a) Compute the total cost per unit. Per Unit MacBook Pro 4 6