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Williams Incorporated produces a single product, a part used in the manufacture of automobile transmissions. Known for its quality and performance, the part is sold to luxury auto manufacturers around the world. Because this is a quality product, Williams has some flexibility in pricing the part. The firm calculates the price using a variety of pricing methods and then chooses the final price based on that information and other strategic information. A summary of the key cost information follows. Williams expects to manufacture and sell 56,500 parts in the coming year. While the demand for Williams's part has been growing in the past 2 years, management is not only aware of the cyclical nature of the automobile industry, but also concerned about market share and profits during the industry's current downturn Total Costs Variable manufacturing $ 4,667,800 Variable selling and administrative 842,650 Facility-level fixed overhead 2,332,875 Fixed selling and administrative Batch-level fixed overhead 347,000 Total investment in product line 22,337,000 Expected sales (units) 56,500 Required: 1. Determine the price for the part using a markup of 35% of full manufacturing cost. 2. Determine the price for the part using a markup of 24% of full life-cycle cost . 3. Determine the price for the part using a desired gross margin percentage to sales of 45% 4. Determine the price for the part using a desired life-cycle cost margin percentage to sales of 29% 5. Determine the price for the part using a desired before-tax return on investment of 12% 6. Determine the total contribution margin and total operating profit for each of the methods in requirements 1 through 5. 662,495 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Determine the price for the part using a markup of 35% of full manufacturing cost. (Do not round Intermediate calculations. Round your answer to 4 decimal places.) Price per unit Route Required 2 > Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Determine the price for the part using a markup of 24% of full life-cycle cost. (Do not round Intermediate calculations. Round your answer to 4 decimal places.) Price per unit Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Determine the price for the part using a desired gross margin percentage to sales of 45%. (Do not round intermediate calculations. Round your answer to 4 decimal places.) Price per unit Required 1 Required 2 Required 3 Required 4 Required Required 6 Determine the price for the part using a desired life-cycle cost margin percentage to sales of 29%. (Do not round intermediate calculations. Round your answer to 4 decimal places.) Price per unit Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Determine the price for the part using a desired before-tax return on investment of 12%. (Do not round intermediate calculations. Round your answer to 4 decimal places.) Price per unit Required 1 Required 2 Required 3 Required 4 Required 5 Required 6 Determine the total contribution margin and total operating profit for each of the methods in requirements 1 through 5. Do not round intermediate calculations.) Method Contribution Margin Operating Profit Markup on full manufacturing cost Markup on life cycle costs Price to achieve desired GM % Price to achieve desired LCC % Price to achieve desired ROA of 12%