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Problem 12A-9 Absorption Costing Approach to Cost-Plus Pricing [LO12-8] Aldean Company wants to use absorption cost-plus pricing to set the selling price on a new product. The company plans to invest $250,000 in operating assets to produce and sell 25,000 units. Its required return on investment (ROI) in its operating assets is 18%. The accounting department has provided cost estimates for the new product as shown below: Total Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Pixed selling and administrative expenses Per Unit $8.60 $6.60 $3.60 nces 5201,250 $2.60 5 24,250 Required: 1. What is the unit product cost for the new product? (Round intermediate calculations and final answer to 2 decimal places.) 2. What is the markup percentage on absorption cost for the new product? (Round Intermediate calculations to 2 decimal places.) 3. What selling price would the company establish for its new product using a markup percentage on absorption cost? (Round Intermediate calculations and final answer to 2 decimal places.) 1 Unit product cost 2. Markup percentage on absorption cost 3. Selling price per unit Shimada Products Corporation of Japan is anxious to enter the electronic calculator market Management believes that in order to be competitive in world markets, the price of the electronic calculator that the company is developing cannot exceed $15. Shimada's required rate of return is 12% on all Investments. An Investment of $12,880,000 would be required to purchase the equipment needed to produce the 336,000 calculators that management belleves can be sold each year at the $15 price, Required: Compute the target cost of one calculator. (Round your answer to 2 decimal places.) Target cost per unit