Jay Company uses the total cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 38,400 units of Product E are as follows:

Variable costs:
Direct materials	$4.70
Direct labor	2.50
Factory overhead	1.90
Selling and administrative expenses	2.60
Total	$11.70
Fixed costs:
Factory overhead	$80,000
Selling and administrative expenses	14,000

Jay desires a profit equal to a 14% rate of return on invested assets of $640,000.

(a) Determine the amount of desired profit from the production and sale of Product E: $

(b) Determine the total costs and the cost amount per unit for the production and sale of 38,400 units of Product E:

Total costs: $

Cost amount per unit: (Round to two decimal places.) $

(c) Determine the markup percentage for Product E: (Round to one decimal place.) %

(d) Determine the selling price of Product E: (Round to two decimal places.) $