Lodrobe Company manufactures a single product wardrobesLodrobe's wardrobes have a unique design that is not replicated by any other wardrobe manufacturerThe company was formed at the beginning of last year with an initial investment of $809,000Lodrobe requires a 26% annual rate of return on the investmentIn total, 11,200 wardrobes were produced and sold fast yearFor 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 Per Unit Total (11,200 units) Direct Materials$81 Direct Labor 577 Variable Manufacturing Overhead $ 39 Fixed Manufacturing Overhead $212,800 General and Administrative Expenses $377,000 price their product, Lodrobe uses the costplus 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 not enter dollar 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 year Full $216 bCalculate the markup percentage Percentage Determine the selling price of a wardrobe for the upcoming year. Selling Price Search Lodrobe Company manufactures a single product: wardrobes. Lodrobe's wardrobes have a unique design that is not replicated by any other wardrobe manufacturerThe company was formed at the beginning of last year with an initial investment of $809,000. Lodrobe requires a 26% annual rate of return on the investment. In total, 11,200 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 Per Unit Total ( 11,200 units) Direct Materials 81 Direct Labor $77 Variable Manufacturing Overhead $ 39 Fixed Manufacturing Overhead $212,800 General and Administrative Expenses $377,000 price their product, Lodrobe 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 not enter dollar signs or commas in the input boxes Round all answers to 2 decimal places Calculate the markup percentage? Determine the selling price of a wardrobe for the upcoming year ? Selling price