Management Accounting problem

HKMASK Manufacturing is considering the introduction of a facial mask. To determine a selling price, the company has gathered the following information: Number of units to be produced and sold each year Estimated unit product cost Projected annual selling and administrative expenses Estimated investment required by the company Desired return on investment (ROI) 500,000 $2 $100,000 $2,000,000 15% Required: The company uses the absorption costing approach to cost-plus price. (i) Calculate the markup percentage required to achieve the desired ROI. (2 marks) (ii) Calculate the selling price per unit. (2 marks) (b) The company is experiencing a falloff in demand due to the economic recovery from the coronavirus and the marketing manager believes that the mask can only be sold at the selling price of $2.2 per unit. If the company still wants to achieve the ROI at 15%, calculate the target cost per unit of the product. (2 marks)