eBook Total Cost Concept of Product Costing Willis Products Inc. uses the total cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 4,000 units of r tablets are as follows: Variable costs per unit: Direct materials Direct labor Factory overhead Selling and admin. exp. Total Variable $ $130 Fixed 48 Total 40 32 $250 Fixed costs: Willis Products desires a profit equal to a 25% rate of return on invested assets of $520,800. a. Determine the amount of desired profit from the production and sale of 4,000 units. $ b. Determine the total costs for the production of 4,000 units. Factory overhead Selling and admin. exp. Determine the cost amount per unit for the production and sale of 4,000 units. per unit $180,000 60,000 c. Determine the total cost markup percentage per unit. (rounded to one decimal place). % d. Determine the selling price per unit. Round to the nearest cent. per unit

Total Cost Concept of Product Costing Wilis Products inc. uses the total cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 4,000 units of tablets ore as follows: Wilis products desires a profit equal to a 25% rate of return on invested assets of $520,800. a. Determine the amount of desired profit from the production and sale of 4,000 units