Sheffield Corporation produces industrial robots for high-precision manufacturing. The following information is given for Sheffield Corporation.

Per Unit

Total

Direct materials$400Direct labor$310Variable manufacturing overhead$75Fixed manufacturing overhead$1,863,900Variable selling and administrative expenses$56Fixed selling and administrative expenses$493,770

THE FIXED MANUFACTURING AND FIXED SELLING AND ADMIN EXPENSES ARE IN TOTAL AND PER UNIT IS ALL OTHER NUMBERS PRESENTED ABOVE.

The company has a desired ROI of 24%. It has invested assets of $50,031,000. It anticipates production of 3,270 units per year.

Compute the cost per unit of the fixed manufacturing overhead and the fixed selling and administrative expenses.

Fixed manufacturing overhead$

per unit

Fixed selling and administrative expenses$

per unit

Compute the desired ROI per unit.

ROI$ per unit

Compute the target selling price.

Target selling price$