TB Problem Qu. 12-120 (Algo) Quamma Corporation makes a... Quamma Corporation makes a product that has the following costs: The company uses the absorption costing approach to cost-plus pricing as described in the text. The pricing calculations are based on budgeted production and sales of 36.000 units per year. The company has invested $610.000 in this product and expects a return on irvestment of 199. Required: a. Compute the markup on absorption cost. (Round your intermediate ond finol answer to 2 decimal places.) b. Compute the selling price of the product using the absorption costing approach, (Round your intermediate ond final answer to 2 decimal places.) TB Problem Qu. 12-120 (Algo) Quamma Corporation makes a... Quamma Corporation makes a product that has the following costs: The company uses the absorption costing approach to cost-plus pricing as described in the text. The pricing calculations are based on budgeted production and sales of 36.000 units per year. The company has invested $610.000 in this product and expects a return on irvestment of 199. Required: a. Compute the markup on absorption cost. (Round your intermediate ond finol answer to 2 decimal places.) b. Compute the selling price of the product using the absorption costing approach, (Round your intermediate ond final answer to 2 decimal places.)