For many years, Manama Corporation has used a straightforward absorption coating approach to cost cu pricing with a markup percentage of 20% has recently lost considerable tusse to foreign competitors that have become very aggressive in the marketplace. These fems appear to be using target costing An example of Manama Corporation's product no 700, which has the following un-cost characteristics direct materials, $50, direct labor, 500, manufacturing overheat. $40, and soling and administrative expenses, $20. The going market price for an identical product of identical quality is $210, which as below what Manama Corporation is charging Required a) What is Manama Corporation's selling price for product no. 700 under s ument absorption costing approach to cost-plus pricing mak b) f Manama Corporation used larget costing for them no. 700, what should have been its target cost per unit if the company desired to meet market price of $210 and maintance rate of profit on sales? for the tool pre ALT10PC) ALT+D(M) BIVS wap xx, e Anal 10 B EA 2% x Question For many years, Manama Corporation has used a straightforward absorption coating approach to cost cu pricing with a markup percentage of 20% has recently lost considerable business to foreign competitors that have become very aggressive in the marketplace. These fems appear to be using target costing An example of Manama Corporation's product no 700, which has the following und-cost characteristics direct materials, $50, direct labor, 500, manufacturing overhead. $40, and soling and administrative expenses, $20. The going market pnce for an identical product of identical quality is 5210, which is below what Manama Corporation is charging Required a) What is Manama Corporation's selling price for product no. 700 under is surent absorption conting approach to cost-plus pricing mak b) f Manama Corporation used target costing for them no. 700, what should have been its target cost per unit if the company desired to meet market price of $210 and maintance rate of profit on sales? mark for the too press ALF10PC or ALT+D(M) BIV6 xx wagph Anal 10 B 2% x