Could you please explain step by step. Thank you

Product Cost Method of Product Costing

Voice Com, Inc. uses the product cost method of applying the cost-plus approach to product pricing. The costs of producing and selling 5,060 cell phones are as follows:

Variable costs per unit:						Fixed costs:
	Direct materials		$89				Factory overhead	$201,000
	Direct labor		37				Selling and administrative expenses	71,600
	Factory overhead		26
	Selling and administrative expenses		20
		Total variable cost per unit	$172

Voice Com desires a profit equal to a 16% rate of return on invested assets of $601,300.

a. Determine the amount of desired profit from the production and sale of 5,060 cell phones. $fill in the blank 1

b. Determine the product cost per unit for the production of 5,060 of cell phones. Round your answer to the nearest whole dollar. $fill in the blank 2 per unit

c. Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. fill in the blank 3 %

d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar.

Total Cost	per unit
Markup	per unit
Selling price	per unit