Solution a:
Amount of desired profit = Invested assets * 14% = $504,000*14% = $70,560
Solution b:
Product cost per unit = Total manufacturing costs / Nos of units = $29,700 / 1220 = $24 per unit
Solution c:
Required markup on manufacturing cost to cover selling expense and desired profit = (Desired profit + Selling expenses) / Manufacturing costs = ($70,560 + $28,100) / $29,700 = 332%
Solution d:
Cost = $24 per unit
Markup $24*332% = $80 per unit
Selling price = $24 + $80 = $104 per unit
Note: All the answered rounded off to whole number including intermediate calculations as per requirement of question
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