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Lafleur Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it: Total Per Unit $12 16

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Lafleur Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it: Total Per Unit $12 16 10 Direct materials Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $2,370,000 5 2,133,000 These costs are based on a budgeted volume of 237,000 units produced and sold each year. Lafleur uses cost-plus pricing to set its target selling price. The markup on the total unit cost is 40%. Calculate the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16. Total variable cost per unit * " Total fixed costs per unit $ Total cost per unit Calculate the desired markup per unit for M14-M16. (Round answer to 2 decimal places, e.g. 15.25.) Markup per unit $ e Textbook and Media Question Part Score --/2 Calculate the target selling price for M14-M16. (Round answer to 2 decimal places, e.g. 15.25.) Target selling price $ e Textbook and Media Assuming that 189,600 M14-M16s are produced during the year, calculate the variable cost per unit, fixed cost per unit, and total cost per unit. (Round answers to 2 decimal places, e.g. 15.25.) Total variable cost per unit $ 0 Total fixed costs per unit Total cost per unit $

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