ABC Company uses the total cost concept of applying the cost-plus approach to product pricing ABC Company uses the total cost concept of applying the cost-plus approach to product pricing Question ABC Company uses the total cost concept of applying the cost-plus approach to product pricing. The costs and expenses of producing and selling 38,400 units of Product G are as follows: Variable costs: Save your time! Proper editing and formatting Free revision, title page, and bibliography Flexible prices and money-back guarantee ORDER NOW Direct materials $ 4.70 Direct labor Make sure you submit a unique essay Our writers will provide you with an essay sample written from scratch: any topic, any deadline, any instructions. 100% ORIGINAL ORDER NOW 2.50 Factory overhead 1.90 Selling and administrative expenses 2.60 Total $ 11.70 Fixed costs: Factory overhead $80,000 Selling and administrative expenses 14,000 ABC desires a profit equal to a 14% rate of return on invested assets of $640,000. (a) Determine the amount of desired profit from the production and sale of Product G. (b) Determine the total costs and the cost amount per unit for the production and sale of 38,400 units of Product G. (c) Determine the markup percentage for Product G. (d) Determine the selling price of Product G.