eBook 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 5,360 cell phones are as follows: Variable costs per unit: Fixed costs: Direct materials $68 Factory overhead Direct labor 35 Selling and administrative expenses $199,000 71,900 Factory overhead 25 Selling and administrative expenses 20 Total variable cost per unit $148 MyPhone desires a profit equal to a 13% rate of return on invested assets of $599,900. a. Determine the amount of desired profit from the production and sale of 5,360 cell phones. 77,987 b. Determine the product cost per unit for the production of 5,360 of cell phones. Round your answer to the nearest whole dollar. 165 per unit 52 x % Determine the product cost markup percentage for cell phones. Round your answer to two decimal places. d. Determine the selling price of cell phones. Round your answers to the nearest whole dollar Ch Pymore Check My Work uses remaining ont