Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 536,000 units.

		Per Unit			Total
Direct materials		$ 6
Direct labor		$10
Variable manufacturing overhead		$14
Fixed manufacturing overhead					$3,752,000
Variable selling and administrative expenses		$13
Fixed selling and administrative expenses					$1,072,000

The company has a desired ROI of 25%. It has invested assets of $27,872,000.

Correct answer icon

Your answer is correct.

Compute the total cost per unit.

Total cost per unit

$

Correct answer icon

Your answer is correct.

Compute the desired ROI per unit.

Desired ROI per unit

$

Correct answer icon

Your answer is correct.

Compute the markup percentage using total cost per unit.

Markup percentage using total cost per unit

%

Incorrect answer icon

Your answer is incorrect.

Compute the target selling price.

Target selling price

$