CengageNOWv2 | Online tea x Course Hero X Course Hero X PortalGuard - Portal Access C D A v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false TP AIM Chapter 25 eBook Show Me How 1. EX.25.01.ALGO 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 5,200 cell phones 2. EX.25.02.ALGO are as follows: 3. EX.25.04.ALGO Variable costs per unit: Fixed costs: Direct materials $64 Factory overhead $201,400 4. EX.25.07 .ALGO Direct labor 36 Selling and administrative expenses 68,000 5. EX.25.10.ALGO Factory overhead 23 Selling and administrative expenses 23 6. EX.25.13 Total variable cost per unit $146 7. EX.25.14.ALGO MyPhone desires a profit equal to a 15% rate of return on invested assets of $599,800. 8. EX.25.17 ALGO a. Determine the amount of desired profit from the production and sale of 5,200 cell phones. 89,970 V 9. EX.25.19.ALGO b. Determine the product cost per unit for the production of 5,200 of cell phones. Round your answer to the nearest whole dollar. 161.73 X per unit c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. 33 V % d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar. Total Cost $ 161.73 X per unit Markup 53.37 | X per unit Progress: 8/9 items Check My Work 1 more Check My Work uses remaining. Previous Next ? 3:44 PM Type here to search O 50 F Cloudy 11/1/2022 73CengageNOWv2 | Online tea x Course Hero X Course Hero X PortalGuard - Portal Access X Dashboard X + V X C D A v2.cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false TP AIM Chapter 25 eBook Show Me How MyPhone desires a profit equal to a 15% rate of return on invested assets of $599,800. 1. EX.25.01.ALGO ? a. Determine the amount of desired profit from the production and sale of 5,200 cell phones. 2. EX.25.02.ALGO 89,970 3. EX.25.04.ALGO b. Determine the product cost per unit for the production of 5,200 of cell phones. Round your answer to the nearest whole dollar. 161.73 X per unit 4. EX.25.07 .ALGO c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. 33 v % 5. EX.25.10.ALGO d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar. 6. EX.25.13 Total Cost $ 161.73 X per unit 7. EX.25.14.ALGO Markup 53.37 X per unit 8. EX.25.17 ALGO Selling price 215.10 X per unit 9. EX.25.19.ALGO Feedback Check My Work a. Multiply the desired profit percentage by the desired amount (invested assets). b. Divide the total manufacturing (variable and fixed) costs by the number of units produced. c. Divide the desired profit plus the total selling and administrative expenses by the total manufacturing cost. d. Add cost (b) and markup [(c) x (b)]. Progress: 8/9 items Check My Work 1 more Check My Work uses remaining. Previous Next Type here to search ? 3:44 PM 50 F Cloudy 11/1/2022 73