Chapter 24 Homework (Application Book Show cow Calculator Product Cost chod of Product Casting MyPhone, Inc., uses the product cost method of applying the costs approach to product pricing. The couts of producing and selling 5460 units of cell phones are as follows: Variable costs: Direct materials $65 per unit Fixed costs Factory overhead Seling and admin. exp. $198.400 69,700 Direct labor Factory overhead 25 Segunda Total variable cost per un 5145 per un MyPhone desires a profit equal to a 16 rate of return on invested assets of $598,500 a. Determine the amount of desired profit from the production and sale of 5,460 units of cell phones 95.760 b. Determine the product co u nt for the production of 5.460 of cell phone, r edround your w o rst dollar c. Determine the product cost markup percentage rounded to two decimal place for cell phones. d. Determine the selling price of cell phones. Round to the nearest dollar per Selling price perunt