Novak 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 $28 Direct labor $40 $10 $1,440,000 Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses $7 $ 960,000 Fixed selling and administrative expenses These costs are based on a budgeted volume of 80,000 units produced and sold each year, Novak uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 40%. 9:31 PM [ Compute the total unit variable cost, total unit fixed cost, and total unit cost for M14-M16. Variable cost per unit $ Fixed cost per unit Total cost per unit $ e Textbook and Media 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 unit variable cost, unit fixed cost, and unit total cost assuming that 60,000 M14- M16s are produced and sold during the year. Variable cost per unit $ Fixed cost per unit Total cost per unit $ e Textbook and Media