Sheffield Products desires to set a target price for its newest product. Information for a budgeted volume of 8,000 units is shown below. Per Unit Total Direct materials $ 130 Direct labor $ 80 Variable manufacturing overhead $ 55 Fixed manufacturing overhead $ 50,000 Variable selling and administrative expenses $ 29 Fixed selling and administrative expenses $ 70,000 Sheffield Products uses cost-plus pricing and management wants a 25% ROI on the new product. Assets of $1,400,000 are committed to production of the new product.