Laeur Corporation needs to set a target price for its newlyr designed product, M 14M 16. The fol lowing data relate to it: Direct materials $15 Direct labour 1? Variable manufacturing overhead 13 Fixed manufacturing overhead $2,460,000 Variable selling and administrative menses 6 Fixed selling and administrative expenses 2,214,000 These costs are based on a budgeted volume of 246,000 units produced and sold each I,v'ear. Laeur uses costplus pricing to set its target selling price.The markup on the total unit cost is 45%