Jarvis Company uses the total cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 35,000 units of Product E are as follows:

Variable costs:
Direct materials	$3.00
Direct labor	1.25
Factory overhead	0.75
Selling and administrative expenses	3.00
Total	$8.00
Fixed costs:
Factory overhead	$50,000
Selling and administrative expenses	20,000

Jarvis desires a profit equal to a 14% rate of return on invested assets of $450,000.

a. Determine the amount of desired profit from the production and sale of Product E. $fill in the blank 1

b. Determine the total costs and the cost amount per unit for the production and sale of 35,000 units of Product E.

Total manufacturing costs	$fill in the blank 2
Cost amount per unit	$fill in the blank 3

c. Determine the markup percentage for Product E. fill in the blank 4 %

d. Determine the selling price of Product E. Round your answer to two decimal places. $fill in the blank 5