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Martinez Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. Per Unit Total
Martinez Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. Per Unit Total Direct materials $ 37 Direct labor $ 49 Variable manufacturing overhead $ 13 Fixed manufacturing overhead $ 1,382,400 Variable selling and administrative expenses $ 6 Fixed selling and administrative expenses $ 921,600 These costs are based on a budgeted volume of 76,800 units produced and sold each year. Martinez uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 40%. (a) Your answer is correct. Compute the total unit variable cost, total unit fixed cost, and total unit cost for M14-M16. Variable cost per unit $ 105 Fixed cost per unit 30 Total cost per unit $ 135 Compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16. Variable cost per unit $ Fixed cost per unit Total cost per unit Compute the desired ROI per unit for M14-M16. (Round answer to 2 decimal places, e.g. 10.50.) Desired ROI per unit Compute the target selling price for M14-M16. (Round answer to 2 decimal places, e.g. 10.50.) Target selling price Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 60,400 M14-M16s are sold during the year. (Round answers to 2 decimal places, e.g. 10.50.) Variable cost per unit Fixed cost per unit Total cost per unit $
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