QUESTION 16 Summer 20 Company manufactures insulated coffee mugs and uses target pricing. Based on the following, what is the target cost for the mugs: Price of similar mugs in the market Desired Profit Margin $17.50 $10.00 25% $40.00 $7.50 $12.50 QUESTION 17 Based on the following, what is the product cost per unit using Absorption Costing? You must show and label your work for credit. Direct materials per unit $30.00 Direct labor per unit $10.00 Variable Manufacturing Overhead per unit $9.00 Total Fixed Overhead $120,000 Number of units produced 10,000 $61 $49 $52 $40