The Sierra Company produces its product at a total cost of $1,700 per unit of this amount, S1,160 is product cost and $540 is selling and administrative expenses. In addition, the total cost of $1,700 is made up of $1,445 variable cost and $255 fixed cost. The desired profit is $357 per unit. Determine the mark up percentages under each of the following cost-plus methods. If required, round your answers to one decimal place. (a) Total cost concept (b) Product cost concept (c) Variable cost concept % % 9 Moon Company uses the variable cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 75,000 units of Product T are as follows: $7.00 Variable costs: Direct materials Direct labor Factory overhead Selling and administrative expenses 3.50 1.50 3.00 Total $15.00 Foxed costs: Factory overhead $45,000 Selling and administrative expenses 20,000 Moon desires a profit equal to an 18% rate of return on invested assets of $1,440,000 Determine the amount of desired profit from the production and sale of Product T. b. Determine the total variable costs for the production and sale of 75,000 units of Product T. c. Determine the markup percentage for product T. Round your answer to one desmal place. d. Determine the unit selling price of Product T. Round your answer to two decimal places