Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation.

The company has a desired ROI of 25%. It has invested assets of $45,095,000. It anticipates production of 3,110 units per year. Compute the target unit selling price.

\begin{tabular}{lcc} & Per Unit & Total \\ Direct materials & $410 & \\ Direct labor & $350 & \\ Variable manufacturing overhead & $76 & \\ Fixed manufacturing overhead & & $1,679,400 \\ Variable selling and administrative expenses & $60 & \\ Fixed selling and administrative expenses & & $513,150 \end{tabular}