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COSL Meno O Product cosy MyPhone, Inc. uses the product cost method of applying the...

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Accounting

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COSL Meno O Product cosy MyPhone, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,950 cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $60 Factory overhead $ 201,600 Direct labor 32 Selling and administrative expenses 68,100 Factory overhead 22 Selling and administrative expenses 22 Total variable cost per unit $136 MyPhone desires a profit equal to a 13% rate of return on invested assets of $599,000. a. Determine the amount of desired profit from the production and sale of 4,950 cell phones. $ 77,870 b. Determine the product cost per unit for the production of 4,950 of cell phones. Round your answer to the nearest whole dollar. $ 155 per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. 33 X % d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar. Total Cost per unit Markup per unit Selling price per unit

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