V S namin E21-5 Use cost-plus pricing to determine various amounts Schopp Corporation makes a mechanicall stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated annual volume of 500,000 units. Direct materials Direct labor Per Unit Total $7 $11 Variable manufacturing overhead $15 Fixed manufacturing overhead $3,000,000 Variable selling and administrative expenses $14 Fixed selling and administrative expenses $1,500,000 The company has a desired ROI of 25%. It has invested assets of $28,000,000. Instructions # # (a) Compute the total cost per unit. (b) Compute the desired ROI per unit. (c) Compute the markup percentage using total cost per unit. (d) Compute the target selling price. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". (a) Compute the total cost per unit. Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses Total cost per unit (b) Compute the desired ROI per unit. Invested assets ROI percentage Return on investment Estimated annual volume Desired ROI per unit Per Unit (c) Compute the markup percentage using total cost per unit Desired ROI per unit Total cost per unit Markup Percentage (d) Compute the target selling price. Total cost per unit Desired ROI per unit Target selling price