Kipskirt Company manufactures a single product wardrobes. Kipskirt's wardrobes have a ynique design that is not replicated by aryy othel Wardrobe manufacturer. The compary was formed at the beginning of last year with an initial irvestment of 5768,000 , Kipskirt requires a 37%. annual rate of return on the imvestment, In total, 9,300 wardrobes were produced and sold last yeat. 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 company has a policy of using the absorption costing method for assigning costs to inventory and the formula method for determining a markup percentage. Do notenter dollar signs or commas in the input boxes. Round all answers to 2 decimat places. a) Determine the budgeted full cost of a wardrobe for the upcoming year. Full Cost: b) Calculate the markup percentage. Markup Percentage % c) Determine the selling price of a wardrobe for the upcoming year