Excellence inc, uses the absorption costing approach to cost plus pricing to set prices for its products. The company has invested $400,000 in this product and expects a return on investment of 9%. Based on a budgeted sale of 34,000 units next year, the budgeted costs are as below. Per Unit Total Direct Materials Direct Labor 15.40 Variable Manufacturing Overhead 14.30 Fixed Manufacturing Overhead $163.200 Variable Selling & Administrative Expenses 12.60 Fixed Selling & Administrative Expenses $380.800 Required: a. Calculate the unit product cost. (6 marks b. Compute the markup required to achieve the desired ROI. [8 marks c. Compute the target selling price to achieve desired profit.[3 marks TTT A 2 T