Appenas A Eercises/Problems Help Save& Exit Subr Check my work Currington Company wants to use absorption cost-plus pricing to set the selling price on a newly remodeled product. The company plans to invest $174,000 in operating assets to produce and sell 12,000 units.Its assets is 16%. The accounting department has provided cost estimates for the new product as follows: Direct materials Direct labor Variable manufacturing overhead Fixed nanufacturing overhead Variable selling and administrative expenses ixed selling and administrative expenses $5.20 54-20 $2.20 80,400 $2.20 s33,600 Required: 1. What is the unit product cost for the remodeled product? (Round intermediate calculations and final answer to 2 decimal places) 2. What is the markup percentage on absorption cost for the remodeled product? (Round intermediate calculations to 2 decimal places.) 3. What selling price would the company establish for its remolded product using a markup percentage on absorption cost? (Round Intermediate calculations and final answer to 2 decimal places) 4. Suppose the company actually produced and sold only 10,000 units (instead of its planned sales volume of 12,000 units) at the selling price that you derived in requirement 3. What ROi did the company actualy earn at this lower sales volume? (Round intermediate calculations to 2 decimal places. Round your percentage answer to 1 decimal place.J 5. Assume that the company wants to raise the price of its newly remodeled product with the intention of achieving the producr's desired ROl at the lower sales volume of 10,000 units. Using absorption cost-plus pricing, what would be the revised seling price at this lower sales volume? (Round your intermediate percentages to 1 decimal place. Round all other intermedlate calculations to 2 decimal places.) Unit product cost on absorption cost 3 Seling price per unt 4. Retun on 5. Revised selling price per unit 7 8 9 0