Moving to the next question prevent changes to this answer Question 1 10 Given the following information for a product Direct labor hours 0.25 hourut Direct labor costs: 520/hour Direct materials cost: 55/unit Overhead costs: 1100 of direct labor Packaging and shipping $2/unit Desired profit margin: 20% of the total cost Suppose that a market survey has shown that the best competitor's selling price for the product is $19.50 per unit. After conducting value anneering Study. It was found that material cost is high and another equal and less expensive material can be used to achieve the required target cont. What should the material com er to the word target cost for the product? Ques A Moving to the next question prevents changes to this