P8.1A (LO 2), AP National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. Use cost-p. various am Total Exc Per Unit Direct materials $25 Direct labor $40 Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $10 $1,440,000 $ 5 $ 960,000 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%. Instructions a. Compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16. a. Variat b. Compute the desired ROI per unit for M14-M16. c. Compute the target selling price for M14-M16. d. Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 60,000 M14-M16s are produced and sold during the year