Questions [22 Marks Johnston Corporation makes a product with the following costs: Direct Materials $14.90 per unit Direct Labor 14.10 per unit Variable Manufacturing Overhead 3.70 per unit Fixed Manufacturing Overhead - Fixed $305,200 Variable Selling & Administrative expenses $3.00 per unit Selling & Administrative Expenses $163,800 The company uses the absorption costing approach to cost plus pricing. The pricing calculations are based on budgeted production and sales of 14,000 units per year. The company has invested $540,000 in this product and expects a return on investment of 10% Required: a. Calculate the unit product cost [8 marks) b. Compute the markup required to achieve the desired ROI [8 marks) c. Compute the target selling price to achieve desired profit [6 marks) acer