Kipskirt Company manufactures a single product: wardrobes. Kipskirt's wardrobes have a unique design that is not replicated by any other wardrobe manufacturer. The company was formed at the beginning of last year with an initial imestment of 5780,000 . Kipskirt requires a 38% annual rate of return on the investment. In total, 11,600 wardrobes were produced and sold last year, for the upcoming year, the production and sales volumes are not expected to change from last year, The following costs are budgeted for the upcoming year: To price their product, Kipskirt uses the cost-plus pricing method. The compary has a policy of using the absorption costing method for assigning costs to inventory and the formula method for determining a markup pescentage. Do not enter dollat signs or commas in the input boxes. Round all. answers to 2 decimal places. a) Determine the budgeted full cost of a wardrobe for the upcoming yeas. Full cost: b) Calculate the markup percefitage: Markup Percentage