National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product Total Per Unit $21 $41 $14 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $1,264,000 $4 $ 1,106,000 These costs are based on a budgeted volume of 79,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 40% 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. Desired ROI $ per unit e Textbook and Media Compute the target selling price for M14-M16. Target selling price per unit Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 59,250 M14-M16s are produced and sold during the year. $ Variable cost per unit Fixed cost per unit Total cost per unit $ Lovell Computer Parts Inc. is in the Process of setting a selling price on a new component it has just designed and developed. The following cost estimates for this new component have been provided by the accounting department for a budgeted volume of 50,000 units. Total Per Unit $53 $21 $23 Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $650.000 $22 $450,000 Lovell Computer Parts management requests that the total cost per unit be used in cost-plus pricing its products. On this particular product, management also directs that the target price be set to provide a 30% return on investment (ROI) on invested assets of $1,000,000 Compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 30% on this new component. (Round markup percentage to 2 decimal places, eg. 10.50%.) % Markup percentage Target selling price $ eTextbook and Media Assuming that the volume is 40,000 units, compute the markup percentage and target selling price that will allow Lovell Computer Parts to earn its desired ROI of 30% on this new component. (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Markup percentage % Target selling price $