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ILI UI HOnlinancial in nature, Problem Solving: 41. Moon Company uses the variable cost method of applying the cost-plus approach to product pricing. The costs

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ILI UI HOnlinancial in nature, Problem Solving: 41. Moon Company uses the variable cost method of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling / 5,000 units of Product T are as follows: Round your markup percentage to one decimal place and other intermediate computations and final answer to two decimal places. (20 points) Variable costs per unit: Direct materials Direct labor Factory overhead - Selling and administrative expenses Total Fixed costs: Factory overhead Selling and administrative expenses $ 7.00 3.50 1.50 3.00 $15.00 Moon desires a profit equal to an 18% return on invested assets of $1,440,000. $45,000 20.000 a. Determine the amount of desired profit from the production and sale of Product T. b. Determine the total variable costs for the production and sale of 75,000 units of Product T. c. Determine the markup percentage for Product T. d. Determine the unit selling price of Product T

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