Question 3: 1 21 mark's ! Green Gables Company makes a product that has the following costs :` FET unit PERVERT Direct materials $17. 30 Direct labour 12. 90 Variable manufacturing overhead 4. 20 Fixed manufacturing overhead 5. 916, SOL Variable SGRA EXPENSES 2.010 FIXED SGRA EXPENSES 907, 200 THE company USES the absorption costing approach to cost-plus pricing . The pricing calculations are based on budgetEd production and sales of 48, JOU units per year . The company has invested $ 360,040 in this product and Expects a return on investment of 15%/} . Required* 1) Compute the markup on absorption cost 21 Compute the target selling price of the product using the absorption costing approach