Exercise 21-07 Gibbs Corporation produces Industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation $ 75 Per Unit Total Direct materials $430 Direct labor $330 Variable manufacturing overhead Fixed manufacturing overhead $1,608,000 Variable selling and administrative expenses $ 58 Fixed selling and administrative expenses $ 371,850 The company has a desired ROI of 23%. It has invested assets of $53,935,000. It anticipates production of 3,350 units per year. Compute the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses. Five manufacturinn nuerhaar Compute the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses. Fixed manufacturing overhead per unit Fixed selling and administrative expenses per unit Compute the desired ROI per unit. ROI per unit Compute the target selling price. Target selling price