Williams Incorporated produces a single product, a part used in the manufacture of automobile transmissions. Known for its quality and

performance, the part is sold to luxury auto manufacturers around the world. Because this is a quality product, Williams has some

flexibility in pricing the part. The firm calculates the price using a variety of pricing methods and then chooses the final price based on

that information and other strategic information. A summary of the key cost information follows. Williams expects to manufacture and sell

$54,500$ parts in the coming year. While the demand for Williams's part has been growing in the past $2$ years, management is not only

aware of the cyclical nature of the automobile industry, but also concerned about market share and profits during the industry's current

downturn.

Required:

Determine the price for the part using a markup of $43\%$ of full manufacturing cost.

Determine the price for the part using a markup of $22\%$ of full life$-$cycle cost.

Determine the price for the part using a desired gross margin percentage to sales of $42\%.$

Determine the price for the part using a desired life$-$cycle cost margin percentage to sales of $21\%.$

Determine the price for the part using a desired before$-$tax return on investment $($return on assets$)$ of $11\%.$

Determine the total contribution margin and total operating profit for each of the methods in requirements $1$ through $5.$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Required $4$

Required $5$

Required $6$

Determine the total contribution margin, gross margin, and total operating profit for each of the methods in requirements $1$

through $5.($Do not round intermediate calculations.$)$