Assignment CALCULATOR MESSAGE MY INSTRUCTOR FULL scREEN PRINTER VERSION RCES Problem 8-7A stent Corporation needs to set a target price for its newly designed product EverReady. The following data relate to this new product. Unit Direct materials 20 Direct labor variable manufacturing overhead 10 tudy Fixed manufacturing overhead 1,600,000 Variable selling and administrative expenses 5 Fixed selling and administrative expenses 1,250,400 The costs shown above are based on a budgeted volume of 80,00o units produced and sold each year. Stent uses cost-plus pricing methods to set its target selling price. Because some managers prefer absorption-cost pricing and others prefer variable-cost pricing, the accounting department provides information under both approaches using a markup of 50% on absorption cost and a markup of 80% on variable cost. Your answer is correct. Compute the target price for one unit of EverReady using absorption-cost pricing. (Round answer to 2 decimal places, e.g. 10.50 Target price 135 SHOW SOLUTION SHOW ANSWER LINK TO TEXT