Question 6 of 6 < Your Answer Correct Answer Your answer is incorrect. 0/2 E Cheyenne Corporation produces area rugs. The following unit cost information is available: direct materials $20, direct labor $10, variable manufacturing overhead $5, fixed manufacturing overhead $8, variable selling and administrative expenses $1, and fixed selling and administrative expenses $5. Using a 40% markup on total per unit cost, compute the target selling price. (Round answer to 2 decimal places, eg. 10.50.) Target selling price $ eTextbook and Media Solution