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Page > of 2 ZOOM E8.5 (LO 2) Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is

image text in transcribedimage text in transcribed Page > of 2 ZOOM E8.5 (LO 2) Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 500,000 units. Direct materials Per Unit $7 Direct labor Variable manufacturing overhead Fixed manufacturing overhead 11 15 Variable selling and administrative expenses 14 Fixed selling and administrative expenses Total $3,000,000 1,500,000 The company has a desired ROI of 25%. It has invested assets of $28,000,000. Use cost-plus pricing to determine various amounts. 1. Compute the total unit cost. 1. Compute the total unit cost. 2. Compute the desired ROI per unit. 3. Compute the markup percentage using total unit cost. 4. Compute the target selling price. Page 1 of 2

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