View Policies Current Attempt in Progress National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. Per Unit Total Direct materials $ 23 Direct labor a Variable manufacturing overhead $ 15 Fixed manufacturing overhead $ 1.600.000 Variable selling and administrative expenses $ 10 Fixed selling and administrative expenses $ 800.000 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 50%