ACCT 210 - Lab 6 (Chapter 8) 1. Monarch Manufacturing is introducing a new product with a unit selling price of $23. Monarch spent $850,000 developing the product and expects a ROI of 25%. Projected sales are 25,000 units. Compute the target cost per unit. 2. Gastrigue Company provides the following information for the new product it recently introduced. Total unit cost Desired ROI per unit Target selling price $125 $20 $145 What is Gastrigue Company's percentage markup on cost? 3. Caffrey Company makes and sells hats. The most popular hat has both variable and fixed costs. The variable expenses consist of $17 for COGS and $7 for SG&A. The fixed costs total $320,000. Caffrey expects to produce and sell 32,000 hats this year. Assuming a markup percentage of 41.18%, calculate the target selling price. 4. Jenkins Corporation provides the following information for a new product it recently introduced. Variable Costs Fixed Costs ROI Investment Sales $330,000 $550,000 14% $3,000,000 200,000 units a. What is the target selling price? b. What is the markup percentage