05:14 Nature's Way Distributers Limited makes a punch from the following costing information below: Direct material $750,000 Direct labour $500,000 Overheads: Fixed Variable Selling and distribution cost Fixed Variable $250,000 $40 0 $300,000 $300,000 During the period, the company produced 100,000 punches and expects a profit of 25% on the cost of th assets employed during operations. The cost of assets employed is $1,000,000. Required: a) Determine the cost and selling prices of each punch b) Disregarding the return of asset above, but assuming the entity desires a profit margin of $300,000. Calculate the selling price per unit and the gross margin percentage