GCH Inc. uses the product cost concept of applying the cost-plus approach to pricing a product. The cost and expenses of producing and selling 60,000 units of Product X are as follows: Variable costs Direct materials $ 6.00 Direct laber 9.50 3.50 Factory overhead Selling and administrative expenses Total $ 21.00 Fixed costs Factory overhead 560.000 Selling and ministrative expenses 44,000 OHC desires a profit equal to 10% te ofrem on invested of 51,385.000 ( Den the of desired profit from the production and sale of Product X (6) Determine the staturing costs and the cost ont permit for the product and sale of 60.000 units of Product X Determine the map percentage for Product X Determine the selling price of PractX FAIT