Accounting

Tidewater Company uses the product cost concept of applying the cost-plus approach to product pricing. The cost and expenses of producing and selling 50,000 units of Product K are as follows:

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.
$[removed]

b.  Determine the total manufacturing costs and the cost amount per unit for the production and sale of 50,000 units of Product K.

c.  Determine the markup percentage for Product K.
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d.  Determine the selling price of Product K. Round your answer to two decimal places.
$[removed]