7 9 ints Aldean Company wants to use absorption cost-plus pricing to set the selling price on a new product. The company plans to invest $170,000 in operating assets to produce and sell 17.000 units. Its required return on investment (RO) in its operating assets is 18%. The accounting department has provided cost estimates for the new product as shown below: Per Unit Total Direct materials $7.80 Direct labor $5.50 Variable manufacturing overhead $2.50 Fixed manufacturing overhead 5130,950 Variable selling and administrative expenses $1.30 Fixed selling and administrative expenses $ 20,570 vodk Print ferences Required: 1. What is the unit product cost for the new product? (Round intermediate calculations and final answer to 2 decimal places.) 2. What is the markup percentage on absorption cost for the new product? (Round intermediate calculations to 2 decimal places.) 3. What selling price would the company establish for its new product using a markup percentage on absorption cost? (Round intermediate calculations and final answer to 2 decimal places.) 1 Unit product cost 2. Markup percentage on absorption cost 3 Selling price per unit