BOOK 3 Show Me How 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 4620 units of cell phones are as follows: Variable costs: Fixed costs: Direct materials $69 per unit Factory overhead $200,400 Direct labor 36 Selling and admin. exp. 70,600 Factory overhead 22 Selling and admin. exp. 23 Total variable cost per unit $150 per unit MyPhone desires a profit equal to a 16% rate of return on invested assets of $601,600, a. Determine the amount of desired profit from the production and sale of 4,620 units of cell phones 96,256 b. Determine the product cost per unit for the production of 4, 620 of cell phones, It required, round your uniswer to heart dollar. 170 per unit Determine the product cost markup percentage (rounded to two decimal places) for cell phones 20 X d. Determine the selling price of cell phones. Round to the nearest dollat. Total Cost 170 per unit Markup 36 X per unit Selling price 208 X per unit Fick BOOK 3 Show Me How 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 4620 units of cell phones are as follows: Variable costs: Fixed costs: Direct materials $69 per unit Factory overhead $200,400 Direct labor 36 Selling and admin. exp. 70,600 Factory overhead 22 Selling and admin. exp. 23 Total variable cost per unit $150 per unit MyPhone desires a profit equal to a 16% rate of return on invested assets of $601,600, a. Determine the amount of desired profit from the production and sale of 4,620 units of cell phones 96,256 b. Determine the product cost per unit for the production of 4, 620 of cell phones, It required, round your uniswer to heart dollar. 170 per unit Determine the product cost markup percentage (rounded to two decimal places) for cell phones 20 X d. Determine the selling price of cell phones. Round to the nearest dollat. Total Cost 170 per unit Markup 36 X per unit Selling price 208 X per unit Fick