QUESTION T6 Hummingbird Company uses the product cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing 25,000 units of Product K are as follows: Variable costs: $2.50 4.25 1.25 0.50 $8.50 Direct materials Direct labor Factory overhead Selling and administrative expenses Total Fixed costs: Factory overhead S25,000 Selling and administrative expenses Hummingbird desires a profit equal to a 5% rate of return on invested assets of S64 2,500. (a) Determine the amount of desired profit from the produetion and sale of Product 17,000 K. (b) Determine the total manufacturing costs and the cost amount per unit for the production of 25.000 units of Product K Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Save a