5 points Bahrain Corporation makes a product with the following costs Per Year Per Unit 591 111.5 Item Direct Materials Direct Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Variable Selling and Administrative Expenses Fixed Selling and Administrative Expenses 145 6,450,000 8 6,870,000 The company uses the absorption costing approach to post-plus pricing. The pricing calculations are based on budgeted production and sales of 60,000 units per year. The company has invested 516,000,000 in this product and expects a return on investment of 15% Required: 1. Compute the unit cost? 2. compute the mark up percentage? 3. Compute the selling price per unit? 4. Assume the company can produce and sell only 50,000 units, compute the net income or net loss? 5. If you were the manager of this corporation, and you expected that strong competition next year, which pricing approach you will use And Why