A. Determine the price of your product per unit and explain in detail how you determine the selling price (i.e., cost-plus or customer value-based pricing, see Pricing strategies (LangfieldSmith et al., 2018, p.967)).

B. Prepare an income statement (using absorption costing) for the month of June given that 500 units were sold. Your administrative expenses in June totalled $4,000, and the Australian company tax rate is 30%. Include all other relevant expenses for the month of June.