Problem 22-1A (Part Level Submission) National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. Per Unit $ 20 $ 39 $15 Total Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses 6 Fixed selling and administrative expenses $ 1,264,000 $ 948,000 These costs are based on a budgeted volume of 79,000 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 44 %