Exercise 8-7 (Video) Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation Per Unit $430 $330 s 78 Total Direct materials Direct labor Variable manufacturing overhead Flixed manufacturing overhead Variable selling and administrative expenses 56 Fixed selling and administrative expenses $1,982,400 $ 463,680 The company has a desired ROI of 19%. It has invested assets of $65,520,000. It anticipates production of 3,360 units per year. Your answer is correct. Compute the cost per unit of the fixed manufacturing overtiead and the fixed selling and administrative expenses. Fixed manufacturing overhead 590 per unit Fixed selling and administrative expenses 138 per unit NSWER our answer is correct. Compute the desired ROt per unit ROI 3705 per unit VIDEO SIMILAR EXERCISE Your answer is incorrect. Try again. Compute the target selling price Target selling price Click if you would like to Show Work for this question: Open Show Work