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Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation. Per Unit Total Direct materials $420 Direct labor $320

Gibbs Corporation produces industrial robots for high-precision manufacturing. The following information is given for Gibbs Corporation.

Per Unit Total
Direct materials $420
Direct labor $320
Variable manufacturing overhead $ 73
Fixed manufacturing overhead $1,814,800
Variable selling and administrative expenses $ 60
Fixed selling and administrative expenses

$ 561,890

The company has a desired ROI of 21%. It has invested assets of $61,424,000. It anticipates production of 3,490 units per year.

Compute the target selling price.

target selling price $_____________________

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