Exercise M-7 (Part Level Submission) Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation Total Per Unit $420 $320 $ 73 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses 60 Fixed selling and administrative expenses $1,814,800 $561,890 The company has a desired ROI of 21%. It has invested assets of $61,424,000. It anticipates production of 3,490 units per year. Your answer is correct Compute the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses Fixed manufacturing overhead Fixed selling and administrative expenses Click if you would like to Show Work for this question: Open Show Work 520 per unit 161 per unit