View Help 21 - AaBbccc TI Normal No Spac... Heading 1 Heading 2 Title Subtitle AaBbccb Subtle Em... AaBbcc Emphasis Styles Connor's Corporation is planning to use absorption cost-plus pricing to determine the price for a new product that will be of interest to consumers interested in gardening and home landscaping. The product reduces the manual labor involved in planting new garden spaces. Connor Corporation will need to invest $150,000 in operating assets to produce and sell 12,000 units. Its required return on investment (ROI) in its operating assets is 16%. Connor's Corporation accounting department has provided cost estimates for the new product as follows: Per Unit Total Per Unit Total Direct materials $4 Direct labor $3 $1 Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative expenses Fixed selling and administrative expenses $66,000 $1 $ 45,000 Required: Show all work a. Determine the unit product cost for the new product. b. Determine the markup percentage on absorption cost for the new product. c. Determine the selling price for the new product using the absorption costing approach