Princess Company's information for producing and selling $180,000$ units of crowns are as follows: $($Show all your work$)$

Variable costs:

Direct materials

$$21\mathrm{.}00$

Direct labor

$14\mathrm{.}00$

Factory overhead

$5\mathrm{.}00$

Selling and administrative expenses

$8\mathrm{.}00$

Total

$$46\mathrm{.}00$

Fixed costs:

Factory overhead

$$102,000$

Selling and administrative expenses

$55,000$

Abby desires a profit equal to an $16\%$ rate of return on invested assets of $$3,500,000.$

REQUIRED:

$(1)$Using Variable Cost Concept of applying the cost$-$plus approach to product pricing:

$($a$)$

Determine the amount of desired profit from the production and sale of Catnip.

$($b$)$

Determine the total variable costs for the production and sale of $150,000$ units of Catnip.

$($c$)$

Determine the markup percentage for Catnip.

$($d$)$

Determine the unit selling price of Catnip.

Round your markup percentage to one decimal place and other intermediate calculations and final answer to two decimal places.

$(2)$Using Total Cost Concept:

$($a$)$ Determine the markup percentage for Catnip. $($Round your markup percentage to one decimal place and other intermediate calculations and final answer to two decimal places.$)$

$(3)$Using the Product Cost Concept,

$($a$)$ Determine the markup percentage for Catnip. $($Round your markup percentage to one decimal place and other intermediate calculations and final answer to two decimal places.$)$