ing Thour, 4737 Quitive Complet Question 3 For many years Manorsa Corporation has used a wraightforward absorption costing approach to cost-plus pricing with a markup percentage of 25%, it has recently cansiderable business to foreign competitors thet heve become very aggressive in the manplace. These finne appear to be using target costing Anape of Ma Comperson's product no. 700, which has the following unis-cost characters: dect matetas, set drect labor, manufacturing overted, $50 and sing and adwate per $40. The going market price for as idanical product of identical quality is $300, which is below what Manama Corporation is charging Required al What is Moname Corporation's sing price for product no. 700 under tentacion coating approach to cat-plus prog b) Maname Corporation used berget costing for kam no. 700, what should have been target cost per sit if the company desired to meet meet pice of $200 cument rate of profit on sales mark for the b.prALTID PC or ALT BIVS Paragraph xx 3 10pt 22 DBQ 52 ES EWCADE POLICY TRY