H A B D F G 1 Jesse Custom Machinery needs to set a target price for its new product. 2 The following costs are for the production of 80,000 units. 3 Per unit Total 4 DM $ 5 DL $ 6 VMOH $ 10 7 FMOH $ 1,400,000 8 VS&A $ 5 9 FS&A $ 1,120,000 10 Donnie has invested $1 million and expects an ROI of 18%. 20 40 12 Required: 3 a) Calculate the profit Donnie wants per unit. (2 marks) 4 b) Calculate the markup on the total cost. (2 marks) 5 c) Calculate the markup on the absorption cost. (3 marks) 6 d) Calculate the markup on the variable cost. (3 marks) 7e) Calculate the target selling price using each markup