Williams Inc . produces a single product , a part used in the manufacture of automobile transmissions . Known for its quality and* performance , the...

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Williams Inc . produces a single product , a part used in the manufacture of automobile transmissions . Known for its quality and*performance , the part is sold to luxury auto manufacturers around the world . Because this is a quality product , Williams has some*flexibility in pricing the part . The firm calculates the price using a variety of pricing methods and then chooses the final price basedon that information and other strategic information . A summary of the key cost information follows . Williams expects tomanufacture and sell 50, 000 parts in the coming year . While the demand for Williams's part has been growing in the past 2 years .management is not only aware of the cyclical nature of the automobile industry , but also concerned about market share and profits*during the industry's current downturn .Total CostsVariable manufacturing$ 4 , 680 , 000Variable selling and administrative*$55 , 650Facility - Level Fixed overhead2 , 345 , 875Fixed Belling and administrative*675 , 195Batch - Level Fixed overhead360 , 000Total investment in product line22 , 350 , 000Expected BaLEE (unite !*50, 000Required :`1 . Determine the price for the part using a markup of 45` of full manufacturing cost .2 . Determine the price for the part using a markup of 25% of full life - cycle cost ."3 . Determine the price for the part using a desired gross margin percentage to sales of 40%4 . Determine the price for the part using a desired life - cycle cost margin percentage to sales of 25%`5 . Determine the price for the part using a desired before -tax return on investment of 15%6 . Determine the total contribution margin and total operating profit for each of the methods in requirements I through 5 .Complete this question by entering your answers in the tabs below .Required 1Required 2Required 3Required 4Required 5Required {Determine the total contribution margin and total operating profit for each of the methods in requirements 1 through 5 .'Round your intermediate calculations to $ decimal places . ]MethodContribution MarginOperating ProfitMarkup on full manufacturing costMarkup on life cycle costsPrice to achieve desired GM`Price to achieve desired LEC `Price to achieve desired ROA Of 15%