roblems $(40$ Points Total; $8$ points per problem$)$

Jordan Inc. manufactures Product B$,$ incurring variable product costs of $$15\mathrm{.}00$ per unit

and fixed product costs of $$70,000.$ Total Selling and Administrative Expenses for the year

are expected to be $$15,700.$ Jordan desires a profit equal to a $14\%$ rate of return on assets,

$$785,000$ of assets are devoted to producing Product B$,$ and $100,000$ units are expected to

be produced and sold. Round all answers to two decimal places.

$($a$)$ Compute the markup percentage, using the product cost concept.

$($b$)$ Compute the normal selling price of Product B$.$

$($b$)$