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 40,000 units: Per Unit Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Total $15 35 12 $2,100,000 8 1,300,000 Goliath uses cost-plus pricing to set its target selling price. The markup on total unit cost is 15%. Instructions 10 MARKS Calculate each of the following for the new product: SHOW YOUR CALCULATIONS a) Total variable cost per unit, total fixed cost per unit, and total cost per unit. b) Desired ROI per unit. c) Target selling price.