Exercise 21-07 Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation: Per Unit Total Direct materials $390 Direct labor $350 Variable manufacturing overhead $ 75 Fixed manufacturing overhead $1,953,000 Variable selling and administrative expenses $ 58 Fixed selling and administrative expenses $ 461,900 The company has a desired ROI of 20%. It has invested assets of $57,040,000. It Inticipates production of 3,100 units per year. Compute the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses. $ per unit Fixed manufacturing overhead Fixed selling and administrative expenses per unit Compute the desired ROI per unit. Fixed manufacturing overhead $ per unit Fixed selling and administrative expenses per unit Compute the desired ROI per unit. ROI $ per unit 1 Compute the target selling price. Target selling price $ Click if you would like to Show Work for this question: Open Show Work