Eastern Company just invested in new production facilities at a cost of $220,000. The firm budgeted the following costs for the production ol 20,000 units of its one and only product, for its first fiscal year: Direct materials $8.50 per unit Direct labour $6,00 per unit Factory overhead Variable $5.80 per unit Fixed $110,000 Selling & administrative Variable $2.60 per unit Fixed $75,000 The firm requires a profit equal to 15% on its investment and uses the full cost plus target return on investment approach to pricing its product. Requirement 1: OPTIONAL: show supporting calculations in the space below to sam partial credit Calculate Eastern's target selling price per unit: $ Requirement 2: Provide your answer in the space below. Identify and discuss the three major influences on pricing decisions