1. Question Content Area

   Goshawks Co. produces an automotive product and incurs total manufacturing costs of $2,600,000 in the production of 80,000 units. The company desires to earn a profit equal to a 12% rate of return on assets of $960,000. Total selling and administrative expenses are $105,000.

   a. Determine the markup percentage, using the product cost concept. Round your answer to one decimal place. fill in the blank 1 %

   b. Compute the selling price per unit of the automotive product. Round your answer to two decimal places. $fill in the blank 2