Target costing calculations and life cycle cost A company is planning a new product. Market research information suggests that the product will sell 10,000 total units at a price of $21.00 per unit. The company estimates the lifetime costs of the product as follows: Design and development costs: $50,000 Manufacturing costs: $10 per unit End-of-life costs: $20,000 The company estimates that if it were to spend an additional $15,000 on design, then manufac- turing costs per unit could be reduced. Required (a) What is the target cost of the product if the company seeks a markup of 40% of product cost? (b) What is the maximum allowable product manufacturing cost per unit if the company seeks a markup of 40% of the original life-cycle cost? (c) If the additional $15,000 were spent on design, what is the maximum allowable manufactur- ing cost per unit if the company seeks a markup of 40% of the new life-cycle cost