Billy Corp. makes fitness racks. Assume the following data for Billy: Cost per racks Assembly process costs Direct materials $80 Conversion $60 Custom Option Company logo $30 .. I. II. III. Compute the cost per unit for (a) a non-custom (standard) fitness racks Compute the cost per unit for a rack with a company logo. Billy marks up its fitness racks by 40%. Compute the selling price for each type of fitness rack. Please use EXCEL for your computatior/s. label your work clearly. All computations must be made as Excel formulas Billy wants its standard fitness racks to compete with an entry level rack. Assume the entry level rack sells for $200 per unit. Is Billy's selling price for its non-custom (standard) fitness rack lower than the $200 per unit for the entry level rack? Please use a short paragraph to answer the question using complete sentences, explaining why