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Product Pricing Using the Cost-Plus Approach Concepts; Differential Analysis for Accepting Additional Business OB]. 1,2 Night Glow Inc. recently began production of a new product, the halogen light, which required the investment of $600,000in assets. The costs of producing and selling 10,000 halogen lights are estimated as follows: Night Glow Inc. is currently considering establishing a selling price for the halogen light. The president of Night Glow Inc. has decided to use the cost-plus approach to product pricing and his indicated that the halogen light must earn a 10% rate of return on invested assets. Instructions 1. Determine the amount of desired profit from the production and sale of the halogen light. 2. Assuming that the product cost concept is used, determifre (a) the cost amount per unit, (b) the markup percentage, and (c) the selling price of the halogen light. 3. (Appendix) Assuming that the total cost concept is used, determine (a) the cost amount per unit, (b) the markup percentage (rounded to two decimal places), and (c) the selling price of the halogen light (rounded to the nearest whole dollar). 4. (Appendix) Assuming that the variable cost concept is used, determine (a) the cost amount per unit, (b) the markup percentage (rounded to two decimal places), and (c) the selling price of the halogen light (rounded to nearest whole dollar)

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