King Bathroom Fixtures (KBF) makes faucets, basins, and so on primarily for home use and sold through mojor retail chains. The design team at KBF has been working on a unique design to provide reasonable pressure while still conserving water, The market is quite competive and KBF analysts believe that the fixture could sell for a unit price of $36.40. The cost accounting team at KBF has estimated the following manufacturing costs for the new design. An operating profit of 12 percent of manufocturing costs is required for ali new products of KBF without the explicit consent of the top executive team. At KaF, operating margin is defined as revenues less manufocturing costs, all divided by manufocturing costs). Required: a. Suppose KBF uses cost.plus pricing. setting the price equal to manufacturing costs plus 12 percent of manufacturing costs. What price should it charge for the fixture? b. Suppose KBF uses target costing What is the highest acceptable manutocturing cost at which KBF would be willing to produce the fixture? Complete this question by entering your answers in the tabs below, Suppose ker uses cost-plus pricing. setting the price equal fo manufacturing costs plus 12 percent of manufacturing costs. What arice should at charge for the finture? (abound pour answer to 7 decimal places.)