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Pronghorn Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Pronghorn Corporation's anticipated annual volume of
Pronghorn Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Pronghorn Corporation's anticipated annual volume of 501,500 units. Per Unit Total Direct materials $ 8 Direct labor $13 Variable manufacturing overhead $16 Fixed manufacturing overhead $3,507,000 Variable selling and administrative expenses $13 Fixed selling and administrative expenses $1,503,000 The company has a desired ROI of 25%. It has invested assets of $30,060,000. Compute the total cost per unit. (Round answer to 2 decimal places, e.g. 20.50.) Total cost per unit $ Compute the desired ROI per unit. (Round answer to 2 decimal places, e.g. 10.50.) Desired ROI per unit Compute the markup percentage using total cost per unit. (Round answer to 2 decimal places, eg 20.50.) Markup percentage using total cost per unit % Compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.) Target selling price Click if you would like to Show Work for this question: Open Show Work
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