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71,800 Product Cost Method of Product Costing MyPhone, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 4,860 cell phones are a follows: Variable costs per unit: Fixed costs: Direct materials $62 Factory overhead $199,900 Direct labor 39 Selling and administrative expenses Factory overhead 24 Selling and administrative expenses 19 Total variable cost per unit $144 MyPhone desires a profit equal to a 13% rate of return on invested assets of $599,900. a. Determine the amount of desired profit from the production and sale of 4,860 cell phones. 77,987 b. Determine the product cost per unit for the production of 4,860 of cell phones, Round your answer to the nearest whole dollar. 166 per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. 50 X % d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar Total Cost 166 per unit Markup Selling price per unit 215.81 per unit