Determine the selling price for each mark-up percentage calculated in previous part. (Round all entries to 2 decimal places, e.g. 15.25.) Selling price 1. Absorption cost-based pricing $ 2. Variable cost-based pricing $ 3. Total cost-based pricing $ LINK XT +A Exercise 14.20 Wagon Wheels manufactures personalized wagons for toddlers. Each wagon goes through a woodworking process, painting, and assembly. Wagon Wheels produces and sells 7,200 wagons per year. Wagon Wheels' owners have invested $55,000 in the business and desire a return of 15%. Wagon Wheels costs include Fixed $240,000 per year $30,000 per year Variable Direct labour services Office staff Materials 45 per wagon Supplies Marketing 4,000 per year $3.5 per wagon $1.5 per wagon $ 2,400 per year Overhead $ 850 per year The selling and administrative costs should include supplies