Lodge Company makes cast-iron buckets. The following information is available for Lodge Companys anticipated annual volume of 12,500 buckets.

Per Unit Total

Direct materials $ 19

Direct labor $ 16

Variable manufacturing overhead $ 3

Fixed manufacturing overhead $450,000

Variable selling and administrative expenses $ 10

Fixed selling and administrative expenses $587,500

The company has a desired ROI of 65%. It has invested assets of $1,500,000.

a. Compute the total cost per unit

b. Compute the desired ROI per unit to the penny (to 2 decimal places

c. Compute the target selling price to the penny (to 2 decimal places)