Goliath Corporation is in the process of setting a selling price for a new product it has just designed. The following data relate to this product for a budgeted volume of 60,000 units. Per Unit Total Direct materials $30 Direct labor 40 Variable manufacturing overhead 10 Fixed manufacturing overhead $1,800,000 Variable selling and administrative expenses Fixed selling and administrative expenses 1,440,000 Goliath uses cost-plus pricing to set its target selling price. The markup on total unit cost is 30% (a1)