Based on the data presented in Exercise 12-15, assume that MyPhone Inc. uses the variable cost concept of applying the cost-plus approach to product pricing.
(a) Determine the variable costs and the cost amount per unit for the production and sale of 5,000 units of cellular phones.
(b) Determine the variable cost markup percentage (rounded to two decimal places) for cellular phones.
(c) Determine the selling price of cellular phones. Round to the nearest dollar.