Rugged footwear CC has designed and devel ready to be introduced to the market. The projected statnud are as follows: developed a new hiking sandal, Trudgers which is f Trudgers sts for each pair of" Standard cost (5) Direct materials Direct labour Manutacturing overheads (20% variable Standard rate 120.00 30.00 40.00 190.00 (S) 0.25 hours 0.25 hours 120.00 160.00 Total standard manufactured cost per pair The following additional information relating to Trudgers is available: 2e 4s/ Annual fixed selling administrative a eneral costs are N$560 000 manufactures a wide range of other products, man As the firm anagements expect the number of units produced and sold to be 5 000 unitTS An vestment of $900 000 in new equipment and working capital will be required for the f 24% new line. The owners of Rugged footwear CC requires a reti eturn on investment (ROI) of. on new products Marks 2 oach. REQUIRED assume the firm uses cost-plus pricing approd 2.1.Calculate the mark-up based on variable cost 2.2. Calculate the mark-up based on full cost. 2.3. Using the mark-up calculated above in (2.1) and (2.2.), calculate the selling price for one pair of Trudger based on variable cost and full coSt. 2.4. Give four reasons why using cost-plus pricing is often criticized.