Hummingbird Company uses the productt cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing 25,000 units of Product K are as follaws Variable costs $2.50 4.25 1.25 0.50 B.50 Direct materias actory overhesd Totsl Fixed costs: Factory overhead $25,000 Selling and administratve expen 17,000 . Determine the amount of desired profit from the production and sale of Produtt K. b. Determine tht total msnufacturing costs nd the cost-mount per unit for the production of 25000 units of Prod-d K. Total manufacturing costs Cost amount per unit d. Detemine the selling price of Product K. Round your answer to two decimal places