Need a step by step of the below 2 prob 1.Raphael Corporation uses the product cost concept of product pricing. Below is cost information for the production and sale of 50,000 units of its sole product. Raphael desires a profit equal to a 12% rate of return on invested assets of $1,000,000. Fixed factory overhead cost $80,000.00 Fixed selling and administrative costs 50,000.00 Variable direct materials cost per unit 5.00 Variable direct labor cost per unit 8.50 Variable factory overhead cost per unit 2.50 Variable selling and administrative cost per unit 1.00 Refer to the information provided for Raphael Corporation. The unit selling price for the companys product is: Answers: $19.70. $17.50. $24.50. $22.00. Question 2 A business received an offer from an exporter for 5,000 units of product at $10 per unit. The acceptance of the offer will not affect normal production or domestic sales prices. The following data are available: Domestic unit sales price $12 Unit manufacturing costs: Variable 9 Fixed 1 Based on the above data, what is the differential cost from the acceptance of the offer? Answers: $10,000 $40,000 $5,000 $45,000