Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chanoe The company desires a $34 profit margin per hour of labor and a 20.00% profit margin on parts. It has budgeted for 7,000 hours of repair time in the comingyear, and estimates that the total imvolce cost of parts and materials in 2020 will be $408,000. Compute the rate charged per hour of labor: National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product: These costs are based on a budgeted volume of 80,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 40%. Compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16. Compute the desired ROl per unit for M14-M16. Desired ROI per unit eTextbook and Media Compute the target selling price for M14-M16. Target selling price per unit eTextbook and Media Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 60,000M14M165 are produced and sold during the year: Variablecost per unit $ Fixed cost per unit Total cost perunit