Rita Corporation produces commercial fertilizer spreaders. The following information is available for Rita's anticipated annual volume of 400,000 units. Per Unit Total Direct materials $32 Direct labor Variable manufacturing overhead Fixed manufacturing overhead $12,000,000 Variable selling and administrative expenses 34 Fixed selling and administrative expenses 7,200,000 54 72 The company has a desired ROI of 20%. It has invested assets of $120,000,000. Instructions Compute each of the following: (Show your work) (See DO IT 22-2 for format) 1. Total cost per unit. (Hint: include fixed costs on a per unit basis) 2. Desired ROI per unit. 3. Markup percentage using total cost per unit. 4. Target selling price