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 517,000 units.

		Per Unit			Total
Direct materials		$ 6
Direct labor		$11
Variable manufacturing overhead		$14
Fixed manufacturing overhead					$3,619,000
Variable selling and administrative expenses		$14
Fixed selling and administrative expenses					$2,068,000

The company has a desired ROI of 25%. It has invested assets of $28,952,000.

(a)

Correct answer iconYour answer is correct.

Compute the total cost per unit.

Total cost per unit

$enter the total cost per unit in dollars

eTextbook and Media

Attempts: 2 of 5 used

(b)

Compute the desired ROI per unit.

$enter the desired ROI per unit in dollars

ROI unit in $

Compute the markup percentage using total cost per unit. (Round answer to 2 decimal places, e.g. 10.50.) Markup percentage using total cost per unit % LINK TO TEXT Compute the target selling price. (Round answer to 2 decimal places, e.g. 10.50.) Target selling price $