Chapter 24 Homework eBook Calculator Total Cost Method of Product Pricing Smart Stream Inc. uses the total cost method of applying the cont plus approach to product pricing. The costs of producing and selling 3,500 units of cell phones are as follows: Variable costs: Fixed costs Direct materials $90 per unit Factory overhead $158.000 Direct laber 41 Selling and administrative expenses 55,500 Factory overhead 27 Selling and administrative expenses 22 Total variable cost per unit $180 per unit Smart Stream desires a profit equal to a 14 return on invested assets of $482,000. a. Determine the total cost and the total cost amount per unit for the production and sale of 3,500 units of cellular phones. Round the cost per unit to two decimal places Total cost 630,000 x Total cost amount per unit 180 X b. Determine the total cost markup percentage (rounded to two decimal places) for cellular phones c. Determine the selling price of cellular phones. Round to the nearest cent. X per cellular phone Previous Next Check My Work Submisment for gament Score: 76.31% MacBook Air