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Wildhorse Corporation needs to set a target price for its newly designed product, M14-M16. The following data relate to it:
\table[[,Per Unit,Total],[Direct materials,$14,],[Direct labour,19,],[Variable manufacturing overhead,12,-],[Fixed manufacturing overhead,,$2,343,000],[Variable selling and administrative expenses,6,],[Fixed selling and administrative expenses,,1,491,000]]
These costs are based on a budgeted volume of 213,000 units produced and sold each year. Wildhorse uses cost-plus pricing to set its target selling price. The markup on the total unit cost is 25%.
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Your answer is partially correct.
Assuming that 170,400 M14-M16s are produced during the year, calculate the variable cost per unit, fixed cost per unit, and total cost per unit. (Round answers to 2 decimal places, e.g.15.25.)
\table[[Total variable cost per unit,$
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