Basic Motor Corporation uses target costing. Assume that Basic marketing personnel estimate that the competitive selling price for the QuikCar in the upcoming model year will need to be $24,200. Assume further that the QuikCar's total unit cost for the upcoming model vear is estimated to be $19,400 and that Basic requires a 20% profit margin on selling price (which is equivalent to a 25% markup on total cost). a. What orice will Basic establish for the QuikCar for the upcoming model year? s b. Since the estimated manufacturing cost the target cost, Toyota its total costs to maintain competitive pricing within its profis objectives