Pharoah Corporation produces commercial fertilizer spreaders. The following information is available for Pharoah's anticipated annual volume of 400,000 units.

		Per Unit			Total
Direct materials		$30
Direct labor		54
Variable manufacturing overhead		72
Fixed manufacturing overhead					$16,000,000
Variable selling and administrative expenses		34
Fixed selling and administrative expenses					12,000,000

The company has a desired ROI of 20%. Its investment in assets is $122,000,000.

Compute total unit cost.

Total unit cost

$enter the total unit cost in dollars

Question Part Score

--/1.5

Compute desired ROI per unit.

Desired ROI per unit

$enter the desired return on investment per unit in dollars

Question Part Score

--/1.5

Compute markup percentage using total unit cost. (Round answer to 0 decimal places, e.g. 20%.)

Markup percentage using total unit cost

enter the markup percentage using total unit cost rounded to 0 decimal places

%

Question Part Score

--/1.5

Compute target selling price. (Round answer to 2 decimal places, e.g. 52.75.)

Target price per unit

$enter the target price per unit in dollars rounded to 2 decimal places