eBook Variable Cost Concept of Product Pricing Willis Products Inc. uses the product cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 2,000 units of medical tablets are as follows: Variable costs per unit: Fixed costs: Direct materials $109 Factory overhead $76,000 Direct labor 40 Selling and admin. exp. 26,000 Factory overhead 34 Selling and admin. exp. 27 Total $210 Willis Products desires a profit equal to a 25% rate of return on invested assets of $183,528. a. Determine the variable costs and the cost amount per unit for the production and sale of 2,000 units of medical tablets. Total variable costs 45,882 X Variable cost per unit per unit b. Determine the variable cost markup percentage per unit. Round your percentage answer to one decimal place. % c. Determine the selling price per unit. Use the rounded variable cost markup percentage in your calculations, and round the amount of the markup to the nearest whole dollar. Previous