National Corporation needs to set a target price for its newly designed product M14M16. The following data relate to this new product. Per Unit Total Direct materials $28 Direct labor $37 Variable manufacturing overhead $10 Fixed manufacturing overhead $1,280,000 Variable selling and administrative expenses $ 5 Fixed selling and administrative expenses $ 1,120,000 These costs are based on a budgeted volume of 80,000 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 M14M16. -Compute the desired ROI per unit for M14M16. -Compute the target selling price for M14M16. -Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 60,000 M14M16s are produced and sold during the year.