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Please show all work as to how you got the answer. Thank you!!! Problem 1. B Corp. uses the product cost concept of applying the

Please show all work as to how you got the answer. Thank you!!! image text in transcribed
Problem 1. B Corp. uses the product cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing 35,000 units of a New Product B4 are as follows: Variable costs: Direct materials Direct labor Factory overhead Selling and administrative expenses $3.75 5.45 1.80 3.50 $14,50 Total Fixed costs: Factory overhead $75,000 37,000 Selling and administrative expenses B Corp. desires a profit equal to a 12.5% rate of return on invested assets of $727,500. (a) Determine the amount of desired profit from the production and sale of Product B4. Determine the total manufacturing costs and the cost amount per unit for the production and sale of 35,000 units of Product B4. (b) (c) Determine the markup percentage for Product B4 (d) Determine the selling price of Product B4. Round your markup percentage to one decimal place, and other intermediate calculations and final answer to two decimal places

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