The costs and expenses for Moon Company of producing and selling 75,000 units of Product T are as follows: (Show all your work) Variable costs Direct materials Direct labor Factory overhead Selling and administrative expenses $7.00 3.5 1.5 Total $15.00 Fixed costs Factory overhead Selling and administrative expenses $45,000 20,000 Moon desires a profit equal to an18% rate of return on invested assets of $1,440,000. REQUIRED: (1)Using Variable Cost Concept of applying the cost-plus approach to product pricing (a) Determine the amount of desired profit from the production and sale of Product T Determine the total variable costs for the production and sale of 75,000 units of Product T (c) Determine the markup percentage for ProductT (d) Determine the unit selling price of Product T Round your markup percentage to one decimal place and other intermediate calculations and final answer to two decimal places. (2)Using Total Cost Concept: (a) Determine the markup percentage for Product T (3)Using the Product Cost Concept (a) Determine the markup percentage for Product T