Complete this question by entering your answers in the tabs below. Is product G the company's least profitable product? Complete this question by entering your answers in the tabs below. Based on your answers in requirement 5, calculate a target price for each product, using Gigabyte's pricing formula. Note: Round your intermediate calculations and final answers to 2 decimal places. Develop product costs for the three products on the basis of an activity-based costing system. Note: Round intermediate and final answers to 2 decimal places. Direct-labor budget (based on budgeted annual sales): Predetermined overhead rate = Budgeted overhead Budgeted direct labor =875% Gigabyte's pricing method has been to set a target price equal to 150 percent of full product cost. However, only the thingamajigs have been selling at their target price. The target and actual current prices for all three products are the following: Show how the controller determined the percentages given in requirement 4 for raw-material costs. Note: Round Percentage of Total Raw-Material Cost to the nearest whole percentage (i.e .05=5 ) Show how the controller determined the percentages given above for raw-material costs. 5. Develop product costs for the three products on the basis of an activity-based costing system. 6. Based on your answers in requirement 5, calculate a target price for each product, using Gigabyte's pricing formula. Use the following information for the Problems below. [The following information applies to the questions displayed below.] Gigabyte Incorporated manufactures three products for the computer industry: Gismos (product G): annual sales, 8,000 units Thingamajigs (product T): annual sales, 15,000 units Whatchamacallits (product W): annual sales, 4,000 units The company uses a traditional, volume-based product-costing system with manufacturing overhead applied on the basis of direct-labor dollars. The product costs have been computed as follows