Name: Extra Credit - Chapter 25 Problem Xavier Band Co. uses the product cost concept of applying the couplus approach to product pricing The and expenses of producing 40.000 units of Product XB1 are as follows Variable costs Direct materials Direct labor Factory overhead Selling and administrative expenses Total 5455 635 2.10 275 $1675 Fixed costs: Factory overhead Selling and administrative expenses $175,000 57.000 Xavier Brand desires a profit equal to a 15.5% rate of return on invested assets of $875,000 (a) (b) (e) (d) (e) Determine the amount of desired profit from the production and sale of Product XI. Determine the total manufacturing costs and the cost amount per unit for the production and sale of 40,000 units of Product XBI. Determine the markup percentage for Product XBI. Determine the selling price of Product XBI. (In your own words) Discuss what Xavier Brand can do to increase the Gross Margin 5% Round your markup percentage to one decimal place, and other intermediate calculations and finalwer to two decimal places