P22 A Use co feplus pricing to determine various amounts, National Corporation needs to set a target price for its newly designed product M14-M16. The following data relate to this new product. Per Unit Total Direct materials $25 Direct labor $40 Variable manufacturing overhead $10 Fixed manufacturing overhead $1,440,000 Variable selling and administrative expenses $5 Fixed selling and administrative expenses $960,000 These costs are based on a budgeted volume of 80,000 units produced and sold each year. National uses cost-plus pricing methods to set its target selling price. The markup percentage on total unit cost is 40%. Instructions (0) Compute the total variable cost per unit, total fixed cost per unit, and total cost per unit for M14-M16. (b) Compute the desired ROI per unit for M14-M16. (c) Compute the target selling price for M14-M16. Compute variable cost per unit, fixed cost per unit, and total cost per unit assuming that 60,000 M14-M165 are sold during the year. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a