Flint Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. Per Unit Total Direct materials $42 Direct labor $54 Variable manufacturing overhead $12 Fixed manufacturing overhead $1,699,200 Variable selling and administrative expenses $7 Fixed selling and administrative expenses $ 1,132,800 These costs are based on a budgeted volume of 94,400 units produced and sold each year. Flint uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 40%.