Remaining Time: 34 minutes. 34 seconds Question Completion Status: Alba Company is considering the introduction of a new product. To determine the selling price of this product, you have gathered the following information The direct material per unit $2,000 The direct labor per un $2,230 The variable manufacturing cost per unit $1.000 The total fixed manufacturing costs SI 875,000 The variable selling and administration cost per una $923 The total fixed selling and administration costs $623.000 If the company requires rate of return 20% on its investments and $7.000.000 investments are needed. The total direct materials wailable to be used in the production is $3.000.000 Required: 1. If the company uses absorption costing approach to cour-plus pricing, compute: a. The unit product cost b. The markup percentage c. The selling price per unit 2. Assume that the company is considering the introduction of other new product. If the target-selling price per unit is $6,600 and the company investing 56.000.000 to purchase equipment needed to produce 600 units. If the company requires rate of return on its investments 20%, compute the target cost per unit. 3. Assume Alba produces 2 products. The first product is the unique one and Alba is the only company that produces this product, whereas several companies produce the second product and there is a strong competition in the market regarding this product. Which pricing approach is better applicable for pricing of each product and why? Save and Submit to sort and submit Cho Sets allan Se Save and Sub