Short Answer Exercise 1 Exercise 2 Exercise 3 B C E F G H Exercise 2 2 3 4 5 6 7 8 Schopp Corporation makes a mechanical stuffed alligator that sings the Martian national anthem. The following information is available for Schopp Corporation's anticipated unit sales of 500,000 units. Per unit costs: Direct materials $7 Direct labor $11 Variable overhead $15 Variable selling and administrative $14 Total fixed costs: Fixed overhead $3,000,000 Fixed selling and administrative $1,500,000 9 10 11 12 13 14 15 The company has a desired ROI of 25%. It has invested assets of $28,000,000. 16 Instructions 17 (a) Compute the total cost per unit. (6) Compute the desired ROI per unit. 19 c) Compute the markup percentage using total cost per unit. 20 (d) Compute the target selling price. 21 18 22 23 24 25 26