Product Pricing Using the Cost-PHs Approath Concepts; Differential Atralysis Report tor Acoepting Adoicioral Business TWight Lumina Company recenty began production of a new product, the halogen kght, which required an investrment of $2, 160,000 in assets, The costs of producing and sphing 10,800 halogen lights are estimated ss folows: Twilight Lumina Company is curranty considering establishing a seling price for the hasech light. The president of Twight Luming Company has decided to use the cost phis ofproact to product pricing and fus ind icated that the halogen light must earn a 20% rate of return on irivested aisets: Required: Notes Round all percentages to two decimal places then use in subsequent computations, if applicable. Round all doflar amounts to the nearest deliar. 1. Determine the ameant of desiced profit frem the production and whe of the halogen ight, 2. Assuming that the tutal cost cunchot is used, determine the following: 1. Determine the amount of desired profit from the production and sale of the halogen light. 2. Assuming that the total cost concept is used, determine the following: 3. Assuming that the product cost concept is used, determine the following: 4. Assuming that the variable cost concept is used, determine the following: 5. Comment on any additional considerations that could influence establishing the selling price for the halogen boht