Tidewater Company uses the product coot concept of applying the cost-plus approach to product priding The cost and expenses of roducing and selling 50,000 units of Product K are as follows: Variable costs: Direct materials Direct labor Factory overhead Selling and administrative expenses $5.00 8.50 2.50 1.00 $17.00 Total Fixed costs: Factory overhead $50,000 Selling and administrative expenses 34,000 Tidewater desires a profit equal to a 10% rate of return on invested assets of $1,285,000.

a. Determine the amount of desired profit from the production and sale of Product K s and the cost amount per unit for the production and sale of 50,000 units of Product K
b. Total manufacturing costs Cost amount per unit
c. Determine the markup percentage for Product K
d. Determine the selling price of Product K. Round your answer to two decimal places