Question 9.2 (Total:20 marks) Vision Limited manufactures a product that has the following costs: Per year Direct materials Per unit $6.00 5.00 4.00 Direct labour Variable manufacturing overhead Fixed manufacturing overhead Variable SG&A expenses Fixed SG&A expenses $360,000 5.00 120,000 The company applies the absorption costing approach to cost-plus pricing. The calculations are based on budgeted production and sales of 30,000 units per year. The company has spent $600,000 on this product and expects a return on investment of 15%. Required: a) Calculate the markup on absorption cost. b) Compute the target selling price of the product using the absorption costing ap