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Hummingbird Company uses the product cost method of applying the cost-plus approach to product pricing. The costs and expenses of producing 25,000 units of Product K are as follows:

Line Item Description	Amount
Direct materials	$2.50
Direct labor	4.25
Factory overhead	1.25
Selling and administrative expenses	0.50
Total	8.50

Line Item Description	Amount
Factory overhead	$25,000
Selling and administrative expenses	17,000

Hummingbird desires a profit equal to a 5% return on invested assets of $642,500.

a. Determine the amount of desired profit from the production and sale of Product K. fill in the blank 1 of 1$

b. Determine the total manufacturing costs and the cost amount per unit for the production of 25,000 units of Product K. Total manufacturing costs fill in the blank 1 of 2$ Cost amount per unit fill in the blank 2 of 2$

c. Determine the markup percentage for Product K. Round your answer to one decimal place. fill in the blank 1 of 1%

d. Determine the selling price of Product K. Round your answer to two decimal places. fill in the blank 1 of 1$